CHINA REBAR: Domestic prices flat amid thin trading

China’s domestic rebar prices were unchanged on Wednesday July 11 amid a lack of significant trading activity in the market.

Domestic
Eastern China (Shanghai): 4,000-4,050 yuan ($604-611) per tonne, unchanged
Northern China (Beijing): 3,940-3,990 yuan per tonne, unchanged
With no official statement regarding production cuts in China’s steelmaking hub of Tangshan released as yet, the rebar market calmed and traders kept their offers unchanged from Tuesday.

Buyers cut their procurement rates while they wait to see...

Published

Jessica Zong

July 11, 2018

10:05 GMT

Shanghai