CHINA REBAR: Prices flat amid softening billet market, rising futures

China’s rebar prices were unchanged on Wednesday January 23 in both the domestic and export markets amid uncertainties due to conflicting signals from movements for billet and steel futures.

Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($543-549) per tonne, unchanged Northern China (Beijing): 3,670-3,700 yuan per tonne, unchanged The price of billet fell late on Tuesday on weak demand, but rebar futures picked up slightly on Wednesday. The mixed signals led sellers to keep their offers flat and buyers to continue cutting their procurement rates. Some end users have started their Chinese...

Published

Jessica Zong

January 23, 2019

10:30 GMT

Shanghai