CHINA REBAR: Prices hold steady on stable demand

China’s domestic rebar prices stopped dropping on Thursday August 13 on steady demand from the construction sector.

Domestic
Eastern China (Shanghai): 3,610-3,640 yuan ($520-524) per tonne, unchanged
A trader in Shanghai said his rebar sales volume during the day was the same as a day earlier, which kept him from lowering prices further.

Market participants expect rebar demand to remain stable for the rest of this...

Published

Jessica Zong

August 13, 2020

10:46 GMT

Shanghai