CHINA REBAR: Falling domestic prices take chunk off mills’ profits

China’s domestic rebar prices maintained a downward trend on Tuesday December 1 amid inactivity, eating into producers’ profits.

Domestic
Eastern China (Shanghai): 4,030-4,060 yuan ($612-617) per tonne, down by 30 yuan per tonne
Rebar producers are making 250-300 yuan per tonne of rebar sold now, which is down by 200 yuan per tonne from margins 10 days ago, an industry analyst in Shanghai said.

Prices for the long steel product in eastern...

Published

Jessica Zong

December 01, 2020

10:00 GMT

Shanghai