CHINA REBAR: Domestic prices down on weak demand

China’s domestic rebar prices dropped slightly on Wednesday January 9 on softening winter demand.

Domestic Eastern China (Shanghai): 3,720-3,760 yuan ($543-548) per tonne, down 10-20 yuan per tonne Northern China (Beijing): 3,640-3,680 yuan per tonne, widened down 10 yuan per tonne Rebar traders cut prices slightly amid continued weakness in demand even though both billet and futures prices ticked higher. End users continued to cut their procurement rates due to the...

Published

Jessica Zong

January 09, 2019

09:40 GMT

Shanghai