CHINA REBAR: Prices stop dropping on futures gains

China’s domestic rebar prices levelled out on Monday September 27 following futures gains and increased restocking demand.

Eastern China (Shanghai): 5,780-5,820 yuan ($894-900) per tonne, unchanged.
A number of provinces are restricting the electricity supply to steel mills to reduce energy consumption and emissions, so market participants expect that steel output will keep dropping and prices will rise.

The outlook pushed...


Jessica Zong

September 27, 2021

09:15 GMT