CHINA REBAR: Prices rebound amid declining inventories

China’s domestic and export prices for rebar rebounded on Thursday April 11 amid declining inventory levels in the spot market.

Domestic Eastern China (Shanghai): 4,030-4,080 yuan ($600-607) per tonne, up 30 yuan per tonne Northern China (Beijing): 3,970-4,010 yuan per tonne, up 30 yuan per tonne There were 7.67 million tonnes of rebar in the spot market on Thursday, down 510,000 tonnes from a week earlier, according to a local industry information provider. A few major rebar producers such as Shagang also raised their rebar list prices for the...

Published

Jessica Zong

April 11, 2019

11:29 GMT

Shanghai