China's rebar prices stop dropping on positive housing data

China’s domestic rebar prices - having softened a day earlier - held steady on Tuesday November 30 after the country’s National Bureau of Statistics (NBS) released data showing higher activity in the housing market.

Eastern China (Shanghai): 4,730-4,760 yuan ($741-745) per tonne, unchanged
The country’s non-manufacturing purchasing managers’ index for November was 52.3 points, down by 0.1 points from October, but still in expansion territory, according to the NBS.

The sub-index for...


Jessica Zong

November 30, 2021

09:05 GMT