CHINA REBAR: Weak billet, futures cut short domestic recovery

China’s domestic rebar prices retreated on Tuesday March 13 on losses in the billet and futures markets, after posting a recovery just a day earlier.

Domestic
Eastern China (Shanghai): 3,790-3,850 yuan ($599-608) per tonne, down 20-30 yuan per tonne
Northern China (Beijing): 3,900-3,930 yuan per tonne, down 20-30 yuan per tonne
The price of billet fell 40 yuan per tonne late on Monday due to weak demand while rebar futures lost all of its first-hour gains during the remainder of trading hours on Tuesday.

These...

Published

Jessica Zong

March 13, 2018

09:17 GMT

Shanghai