CHINA REBAR: Futures rebound after Cisa calls for stable steel prices

China’s domestic rebar prices dropped further on Thursday May 27 although the gains in the futures price stimulated market activity, sources said.

Domestic
Eastern China (Shanghai): 4,710-4,740 yuan ($754-757) per tonne, down by 100-110 yuan per tonne
Rebar prices dropped sharply in the morning following the billet price loss late on Wednesday, although the strong futures managed to stimulate market demand, sources said.

The China Iron & Steel Association (Cisa) called for steel market...

Published

Jessica Zong

May 27, 2021

10:44 GMT

Shanghai