China’s spot rebar market flat amid higher list prices, paper losses

China’s spot rebar prices were flat on Friday August 11, with the pessimism over losses in the futures market being offset by optimism generated by the announcement of higher list prices by major mills.

Key driver In the morning, Shagang announced an increase to the list prices for its long steel products for shipment in mid-August, which led several other producers to follow suit. The higher list prices improved sentiment in the spot market and led some traders...

Published

Jessica Zong

August 11, 2017

10:39 GMT

Shanghai