East China’s rebar prices stabilise on divergent factors

China’s rebar market was mixed on Wednesday October 11 amid sparse trading, with prices in the eastern region holding steady while those in the north continued to fall.

Key driver In east China, traders kept prices flat due to the emergence of conflicting signals in the market. On the one hand, Shagang raised its list price for rebar by 50 yuan ($7.60) per tonne and the billet market experienced a 20-yuan-per-tonne rebound during...

Published

Jessica Zong

October 11, 2017

10:38 GMT

Shanghai