CHINA REBAR: Rising mill inventories weigh on domestic prices

China’s domestic rebar prices decreased further on Thursday January 14 after coming under pressure from rising inventory levels at mills.

Domestic
Eastern China (Shanghai): 4,280-4,300 yuan ($662-665) per tonne, down by 70 yuan per tonne
Member mills of China Iron & Steel Association (Cisa) had 13.03 million tonnes of steel inventory on January 10, up by 12.1% from the end of last month, according to data from the association.

Market participants expect...

Published

Jessica Zong

January 14, 2021

10:24 GMT

Shanghai