CHINA REBAR: Prices fall after Tangshan re-rollers cut output

China’s rebar prices tumbled on Monday June 17 after the billet market plunged over the weekend.

Domestic Eastern China (Shanghai): 3,820-3,850 yuan ($552-556) per tonne, down 50 yuan per tonne Northern China (Beijing): 3,680-3,730 yuan per tonne, down 100 yuan per tonne Re-rollers stopped production in Tangshan’s Fengrun district as instructed by local authorities in an effort to stem emissions, resulting in a drop in demand for billet over the weekend, sources said. The resultant lower prices...

Published

Jessica Zong

June 17, 2019

10:47 GMT

Shanghai