CHINA REBAR: Higher EAF production rates make up for output drop from BFs

China’s domestic rebar prices decreased further on Thursday April 8 amid an increase in output and weaker demand.

Domestic
Eastern China (Shanghai): 5,000-5,040 yuan ($764-770) per tonne, down by 30 yuan per tonne
A local industry information provider reported that rebar output in the week to Thursday was 3.57 million tonnes, up by 38,000 tonnes from the preceding week.

An industry analyst said...

Published

Jessica Zong

April 08, 2021

09:25 GMT

Shanghai