CHINA REBAR: Domestic prices jump $90 to historical high

China’s domestic rebar prices surged on Monday May 10 and broke its historical high after the October futures contract hit the limit within ten minutes of trading.

Eastern China (Shanghai): 6,000-6,030 yuan ($933-938) per tonne, up by 580 yuan per tonne
Monday’s prices surpassed the previous record high set on May 16, 2008, when prices reached 5,460-5,730 yuan per tonne.

The weekend rise in billet and strong rebar...


Jessica Zong

May 10, 2021

10:25 GMT