CHINA REBAR: High output pushes prices down further

China’s domestic rebar prices continued dropping on Friday December 6 as mills maintained high levels of production over the week.

Eastern China (Shanghai): 3,870-3,900 yuan ($549-554) per tonne, down 70 yuan per tonne
Northern China (Beijing): 3,630-3,670 yuan per tonne, down 40 yuan per tonne

Rebar output at major Chinese mills totaled 3.63 million tonnes over the week ended Thursday, up 70,000 tonnes from the preceding week, according...


Jessica Zong

December 06, 2019

08:43 GMT