CHINA REBAR: Tight supply halts price descent

China’s domestic rebar prices stopped falling on Tuesday October 19 on tight supply, though market sentiment on demand remained pessimistic.

Eastern China (Shanghai): 5,730-5,770 yuan ($894-901) per tonne, unchanged
Steel mills in eastern China’s Jiangsu province lowered their production rates due to a tight supply of electricity, market sources said.

A trader in Shanghai said that a...


Jessica Zong

October 19, 2021

09:24 GMT