CHINA REBAR: Prices end week higher on tight supply, steady end-user demand

China’s domestic rebar prices ended the week high despite shedding some losses on Friday September 24 amid falling futures.

Eastern China (Shanghai): 5,780-5,820 yuan ($895-901) per tonne, down by 20 yuan per tonne
Northern China (Beijing) weekly assessment: 5,480-5,520 yuan per tonne, up by 180 yuan per tonne
Restocking demand continued to drop during the day in the country’s eastern region, which weighed on rebar prices.

But sharp gains on Wednesday resulted...


Jessica Zong

September 24, 2021

09:22 GMT