CHINA REBAR: Domestic prices pick up on dropping inventory

China’s domestic rebar prices increased on Thursday April 9 amid reports of a drop in inventory levels at mills and the spot market.

Eastern China (Shanghai): 3,400-3,430 yuan ($481-486) per tonne, up by 30 yuan per tonne
Northern China (Beijing): 3,350-3,380 yuan per tonne, up 10-20 yuan per tonne

Steel stocks continued to drop over the past week due to good demand. Data showing this decline released today stimulated both the futures and spot markets for rebar, sources...

Published

Jessica Zong

April 09, 2020

10:09 GMT

Shanghai