CHINA REBAR: Active selling keeps price flat even as billet, futures strengthen

China’s domestic rebar prices were flat on Wednesday October 23 as active selling by stockists offset stronger billet and futures prices.

Eastern China (Shanghai): 3,580-3,610 yuan ($505-510) per tonne, unchanged Northern China (Beijing): 3,550-3,590 yuan per tonne, unchanged Tangshan’s billet price picked up by 30 yuan per tonne after local blast furnace operators cut their production by 50% in a move to improve air quality. The cut came into effect at 3pm October 23 and will run through to 12pm October 24. Meanwhile,...

Published

Jessica Zong

October 23, 2019

09:17 GMT

Shanghai

Keywords