CHINA REBAR: Sellers cut prices to stimulate sales

China’s rebar prices dipped on Friday July 19 after selling pressure picked up in the market.

Eastern China (Shanghai): 3,960-3,990 yuan ($576-580) per tonne, down 10 yuan per tonne
Northern China (Beijing): 3,880-3,920 yuan per tonne, down 10-20 yuan per tonne
Sellers lowered their prices during the day in an attempt to secure more orders ahead of the weekend, sources said.

A trader in Shanghai said a few...


Jessica Zong

July 19, 2019

11:36 GMT