CHINA REBAR: Higher output, lower inventories keep prices flat

China’s domestic rebar market was flat on Thursday March 28, with mills’ higher output discouraging buyers from placing bookings while lower inventory levels in the spot market kept sellers from lowering their prices.

Domestic Eastern China (Shanghai): 3,830-3,870 yuan ($570-576) per tonne, unchanged Northern China (Beijing): 3,830-3,880 yuan per tonne, unchanged A declining futures market and data showing an increase in steelmakers’ rebar output led to a drop in trading activity during the day, sources said. Rebar production rose 84,000 tonnes to 3.39 million tonnes over the week to Thursday, according to a local...

Published

Jessica Zong

March 28, 2019

10:31 GMT

Shanghai