China’s spot rebar prices dip further ahead of weekend

China’s spot rebar prices softened on Friday July 21 despite rebounding futures and the release of a major mill’s higher list prices.

Key drivers

Transaction prices for rebar dipped during the morning, mostly due to the weakening of the billet market late on Thursday.

A rebound in the futures market coupled with the announcement of higher list prices by Shagang, a major rebar producer in east China,...


Jessica Zong

July 21, 2017

10:09 GMT