CHINA REBAR: High-speed railway expansion to stimulate housing market

China’s domestic rebar prices increased sharply on Monday March 8 following futures gains and amid expectations that rebar demand from the housing sector will benefit from an expansion of the country’s high-speed railway.

Domestic
Eastern China (Shanghai): 4,740-4,760 yuan ($728-731) per tonne, up by 90-100 yuan per tonne

China aims to extend the total length of its high-speed railway to around 50,000 kilometers by 2025, covering 98% of its cities with over 500,000 residents, the director of China State Railway Group said during the recent "twin sessions" meeting in Beijing on March 4-5. This compares with the current length of around 40,000 kilometers...

Published

Jessica Zong

March 08, 2021

10:28 GMT

Shanghai