CHINA REBAR: Domestic prices flat amid adverse weather

China’s domestic rebar prices were unchanged on Tuesday July 14 amid weak demand caused by bad weather, but rising futures prices provided support to the market.

Eastern China (Shanghai): 3,600-3,620 yuan ($514-517) per tonne, unchanged
Heavy rain continues in many regions along the Changjiang River, triggering flood alerts in central and eastern China. There have also been flood alerts along other rivers in southern parts of the country, market sources told Fastmarkets.

The high water levels of these rivers are affecting transport of steel products by ship, while the heavy rain is...


Jessica Zong

July 14, 2020

10:30 GMT