CHINA REBAR: Infrastructure bonds improve outlook for market

China’s domestic rebar prices were unchanged on Monday January 20 amid a pre-holiday lull, though some optimism has emerged over demand for the long steel product after the Chinese New Year.

Eastern China (Shanghai): 3,640-3,670 yuan ($531-535) per tonne, unchanged
Northern China (Beijing): 3,540-3,560 yuan per tonne, unchanged

Local governments in China have issued 655.7 billion yuan worth of special bonds for infrastructure development in the first 15 days of 2020, local financial information providers reported...


Jessica Zong

January 20, 2020

09:37 GMT