CHINA REBAR: Domestic prices rise on govt pledge to cut interest rates

China’s domestic rebar prices increased on Monday August 19 amid rising futures stimulated by plans unveiled by the central Chinese government to lower borrowing costs for companies.

Eastern China (Shanghai): 3,700-3,730 yuan ($525-530) per tonne, up 30 yuan per tonne
Northern China (Beijing): 3,620-3,640 yuan per tonne, up 10 yuan per tonne

China will implement “market-oriented reform measures” to reduce real interest rates and ease financing difficulties for companies, Premier Li Keqiang said at a State Council’s meeting last...


Jessica Zong

August 19, 2019

10:50 GMT