China’s rebar prices edge up on good end-user demand

China’s domestic rebar prices moved up slightly on Thursday November 25 on stronger demand from the construction sector.

Domestic
Eastern China (Shanghai): 4,760-4,800 yuan ($745-751) per tonne, up by 10 yuan per tonne
Buyers from the construction sector increased their procurement rates due to rebar prices’ downward trend in the past couple of months.

Contractors had limited their purchased volumes when prices were fluctuating, which, as a result, left them...

Published

Jessica Zong

November 25, 2021

08:36 GMT

Shanghai