China's domestic rebar prices slide further on futures losses; adverse weather, Covid restrictions limit demand

China’s domestic rebar prices continued to fall on Tuesday May 10, following futures losses caused by weakening demand, with heavy rains and ongoing Covid-19 restrictions limiting construction activity.

Domestic
Eastern China (Shanghai): 4,880-4,910 yuan ($727-732) per tonne, down by 50 yuan per tonne

Heavy rains in some regions in eastern, southeastern and southern China have disrupted...

Published

Jessica Zong

May 10, 2022

09:21 GMT

Shanghai