CHINA REBAR: Domestic prices drop on weakening demand

China’s domestic rebar prices dropped on Wednesday April 28 amid lower buying interest but a high selling need ahead of the Labor Day holidays.

Domestic
Eastern China (Shanghai): 5,170-5,200 yuan ($797-802) per tonne, down by 30 yuan per tonne
Most buyers have finished restocking ahead of the holidays, which take place from May 1-5, so sales volumes were lower than over the past two days.

But the selling need remains...

Published

Jessica Zong

April 28, 2021

08:56 GMT

Shanghai