CHINA REBAR: Domestic prices continue to move lower amid soft demand

China’s domestic rebar prices maintained their downward trend on Wednesday April 24 as buyers lowered procurement rates.

Eastern China (Shanghai): 4,050-4,100 yuan ($604-610) per tonne, down 20-30 yuan per tonne 
Northern China (Beijing): 3,950-4,000 yuan per tonne, down 40-50 yuan per tonne
Rebar futures dropped further on Wednesday amid lower buying interest in the spot market, sources said.

Many buyers postponed bookings as...


Jessica Zong

April 24, 2019

11:37 GMT