China’s rebar futures rise, but spot prices increase at slower rate

China’s domestic rebar prices increased on Wednesday November 24, but the rate of the rise was much lower than that seen in the futures market, due to weak demand.

Domestic
Eastern China (Shanghai): 4,750-4,790 yuan ($738-744) per tonne, up by 40 yuan per tonne

Tangshan introduced another round of stricter production restrictions at steel mills from the afternoon of November 24 in a bid to improve air quality, according to a local news reports, with one long steel producer in the...

Published

Jessica Zong

November 24, 2021

09:20 GMT

Shanghai