CHINA REBAR: Domestic prices fall again amid supply pressures

China’s domestic rebar prices continued to drop on Thursday August 20 amid falling futures and the release of data showing high steelmaking rates.

Eastern China (Shanghai): 3,620-3,650 yuan ($523-527) per tonne, down by 20 yuan per tonne
The weakening futures market caused buying interest in the spot market to fall, which dragged down prices as well.

The country’s National Bureau of Statistics reported that Chinese mills produced 23.92 million tonnes of rebar in July, up...


Jessica Zong

August 20, 2020

09:51 GMT