CHINA REBAR: Prices stop rising in eastern region on selling pressure

Rebar prices in eastern China lost their upward momentum on Friday October 23 amid destocking pressure experienced by sellers. But prices in the region ended the week 30 yuan per tonne, largely due to Monday’s gains.

Eastern China (Shanghai): 3,710-3,740 yuan ($576-561) per tonne, unchanged
Northern China (Beijing) weekly assessment: 3,630-3,680 yuan per tonne, unchanged


Jessica Zong

October 23, 2020

09:05 GMT