CHINA REBAR: Increased supply pushes down prices

China’s domestic rebar prices dropped sharply on Wednesday October 27 due to high supplies and weak demand.

Domestic
Eastern China (Shanghai): 5,200-5,230 yuan ($814-819) per tonne, down by 150-170 yuan per tonne

The supply of coal to major power plants has been higher than consumption for 20 days, according to a report by state-owned CCTV...

Published

Jessica Zong

October 27, 2021

11:03 GMT

Shanghai

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