CHINA REBAR: Falling supply, demand keep prices flat

China’s rebar prices held steady on Thursday July 11 amid a drop in both supply and demand.

Domestic
Eastern China (Shanghai): 3,980-4,000 yuan ($578-581) per tonne, unchanged
Northern China (Beijing): 3,880-3,910 yuan per tonne, unchanged
A total of 3.76 million tonnes of rebar were produced during the week to Thursday, down 21,000 tonnes from the preceding week, according to a local industry information provider.

But demand is also falling, which makes...

Published

Jessica Zong

July 11, 2019

10:27 GMT

Shanghai