CHINA REBAR: Prices surge by $34 per tonne on tight supply outlook

China’s domestic rebar prices moved up sharply on Wednesday September 22 on market participants’ expectation of supply cuts in the remaining months of 2021.

Domestic
Eastern China (Shanghai): 5,800-5,840 yuan ($897-903) per tonne, up by 220 yuan per tonne

China produced 20.12 million tonnes of rebar in August, down by 16.1% from a year earlier and 4.26% lower than in July, according to data...

Published

Jessica Zong

September 22, 2021

09:00 GMT

Shanghai