CHINA REBAR: Steady demand pushes up domestic prices

China’s domestic rebar prices continued to rise on Tuesday November 19 on steady demand amid gains in the futures market.

Eastern China (Shanghai): 3,980-4,020 yuan ($567-573) per tonne, up 40-50 yuan per tonne
Northern China (Beijing): 3,740-3,770 yuan per tonne, up 20 yuan per tonne

End-user demand for rebar remained strong, with procurement rates rising in tandem with the futures market that strengthened throughout the...


Jessica Zong

November 19, 2019

09:22 GMT