CHINA REBAR: Construction sites unaffected by Covid-19 so far

China’s construction sites are still operating normally despite a rise in the number of Covid-19 cases but the seasonal demand drop continued to push down domestic rebar prices on Wednesday January 13.

Eastern China (Shanghai): 4,350-4,370 yuan ($672-676) per tonne, down by 30 yuan per tonne
Market sources attributed the 0.7% day-on-day drop on the seasonal drop off in demand.

Construction activity has been normal in eastern and southern China over the past three days of mild temperature and have not been influenced by the resurgence of Covid-19,...


Jessica Zong

January 13, 2021

09:48 GMT