CHINA REBAR: Domestic prices rise, stimulating demand

China’s domestic rebar price rebounded on Friday May 28 following futures gains, encouraging buyers to return to the market. Spot market sellers followed suit.

Domestic
Eastern China (Shanghai): 4,830-4,860 yuan ($758-763) per tonne, up by 120 yuan per tonne
Northern China (Beijing) weekly assessment: 5,000-5,030 yuan per tonne, down by 400-420 yuan per tonne

Some buyers increased their procurement rates to restock inventories in the expectation of further price...

Published

Jessica Zong

May 28, 2021

11:32 GMT

Shanghai