CHINA REBAR: Trading subdued after iron ore price tumble

Northern China’s rebar prices weakened on Monday July 8 while those in the country’s eastern region held steady, with market participants still taking a wait-and-see approach after iron ore prices plunged last week.

Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($576-580) per tonne, unchanged Northern China (Beijing): 3,900-3,940 yuan per tonne, down 10-20 yuan per tonne Market participants were wary about further price drops for iron ore after last Friday’s plunge, so they largely held back from trading rebar. Sellers in eastern China kept prices flat amid a mild increase...

Published

Jessica Zong

July 08, 2019

11:04 GMT

Shanghai