CHINA REBAR: Sentiment bearish despite higher mill offers pushing up prices

Chinese domestic rebar prices continued to rise on Monday October 11 after steel mills increased their list prices, but market participants remain pessimistic about demand and prices for the rest of October.

Eastern China (Shanghai): 5,940-5,990 yuan ($923-931) per tonne, up by 30-40 yuan per tonne

The major eastern China producer Shagang raised its list prices for HRB400 16-25mm rebar by 100 yuan per tonne, to 6,150 yuan per tonne, for orders booked on October 11-20 - compared...


Jessica Zong

October 11, 2021

08:58 GMT