CHINA REBAR: Domestic prices push higher on iron ore gains

China’s domestic rebar prices continued to rise slightly on Friday May 29, following the strength in the iron ore market.

Domestic
Eastern China (Shanghai): 3,530-3,560 yuan ($493-498) per tonne, up by 20 yuan per tonne
Northern China (Beijing) - weekly assessment: 3,600-3,630 yuan per tonne, up by 30-50 yuan per tonne
Fastmarkets’ calculation for the index of iron ore 62% Fe fines, cfr Qingdao was at $97.09 per tonne on Thursday, up by $1.72 per tonne from a day earlier.

Meanwhile, the most-traded September iron...

Published

Jessica Zong

May 29, 2020

10:50 GMT

Shanghai