CHINA REBAR: High inventory levels weigh on domestic prices

China’s domestic rebar prices continued to slide on Wednesday October 14 amid high stock levels of mills and the spot market.

Domestic
Eastern China (Shanghai): 3,700-3,730 yuan ($550-555) per tonne, down by 10 yuan per tonne

Major steel mills had 13.59 million tonnes of finished steel inventory in early October, up by 17.22% from late September, while stock levels in the spot market amounted to 12.64 million tonnes, up by 3.4%, according to the China...

Published

Jessica Zong

October 14, 2020

10:30 GMT

Shanghai