CHINA REBAR: Outlook improves on growth in new orders in construction

China’s domestic rebar prices softened on Monday March 1, though market participants expect end-user demand to pick up on positive data from the country’s construction sector.

Domestic
Eastern China (Shanghai): 4,610-4,650 yuan ($712-718) per tonne, widened downward by 10 yuan per tonne

The sub-index for new orders in the construction industry, which feeds into China’s construction purchasing managers’ index, rose by 2.2 points in February to 53.4 points, according to the National Bureau of Statistics. A reading of above 50 indicates growth, and that...

Published

Jessica Zong

March 01, 2021

10:10 GMT

Shanghai