CHINA REBAR: Prices rise on improving sentiment

China’s rebar prices regained some strength on Thursday January 10 with market participants becoming less pessimistic.

Domestic Eastern China (Shanghai): 3,750-3,780 yuan ($549-553) per tonne, up 20-30 yuan per tonne Northern China (Beijing): 3,650-3,690 yuan per tonne, up 10 yuan per tonne Reports of new infrastructure projects in the country lifted sentiment among market participants, making them less bearish about prices after the Chinese New Year, sources said. Among them is a plan by Wuhan city in central China to build...

Published

Jessica Zong

January 10, 2019

09:30 GMT

Shanghai