China‘s rebar sellers raise offers to pursue reasonable profit

China’s domestic rebar sellers increased their offers on Monday November 22 to seek better profits, but not all buyers accepted the higher prices.

Domestic
Eastern China (Shanghai): 4,710-4,750 yuan ($732-738) per tonne, up by 40 yuan per tonne

Trading houses were making very low profits on rebar stocked in their warehouses, so took the opportunity to increase their offers following a rise in billet prices at the weekend, sources...

Published

Jessica Zong

November 22, 2021

09:58 GMT

Shanghai