CHINA REBAR: Domestic prices rise again on bullish sentiment

China’s domestic rebar prices strengthened further on Wednesday June 3 on market participants’ positive outlook for demand over the next few months.

Domestic
Eastern China (Shanghai): 3,610-3,640 yuan ($508-512) per tonne, up by 20 yuan per tonne
The Chinese finance ministry said that the country had issued 3.2 trillion yuan of local bonds in the first five months of 2020, up by 65.1% year on year.

A large proportion of the funds...

Published

Jessica Zong

June 03, 2020

11:19 GMT

Shanghai