CHINA REBAR: Weak demand sends prices lower

China’s domestic rebar prices continued to fall on Tuesday August 3, with demand weakened by adverse weather and a resurgence of Covid-19 infections.

Domestic Eastern China (Shanghai): 5,130-5,170 yuan ($794-800) per tonne, down by 60-70 yuan per tonne Rain in eastern and southern China affected construction activity, particularly in coastal cities that experienced heavy downpour. A spike in Covid-19 cases have resulted in logistical disruptions for steel products in several cities. Buyers in the...

Published

Jessica Zong

August 03, 2021

09:55 GMT

Shanghai