CHINA REBAR: Falling futures push down prices in eastern region

Domestic rebar prices in eastern China continued to fall on Wednesday October 16 amid declining futures.

Eastern China (Shanghai): 3,630-3,660 yuan ($513-517) per tonne, down 40 yuan per tonne
Northern China (Beijing): 3,570-3,600 yuan per tonne, unchanged
Looser steelmaking restrictions for the autumn-winter period have led market participants to expect a higher supply of rebar over the next few months compared with the corresponding period of last year.

In terms of demand, winter is also...


Jessica Zong

October 16, 2019

10:49 GMT