CHINA REBAR: Prices rebound after Evergrande says will resume projects

China’s domestic rebar prices recovered some losses on Monday October 25 after debt-ridden developer Evergrande Group announced a resumption of its construction projects in several Chinese cities.

Domestic
Eastern China (Shanghai): 5,350-5,400 yuan ($838-846) per tonne, up by 50 yuan per tonne

Evergrande, one of the largest property developer in China, is preparing to resume the construction of a dozen of its housing projects in six cities following its financial...

Published

Jessica Zong

October 25, 2021

09:57 GMT

Shanghai