China domestic rebar prices drop further on weak housing demand

China’s domestic rebar prices continued the downward trend on Wednesday May 18 after the National Bureau of Statistics (NBS) released April housing price data.

Eastern China (Shanghai): 4,850-4,890 yuan ($718-724) per tonne, down by 30 yuan per tonne

In April, newly built housing prices in 39 of 70 major cities dropped...


Jessica Zong

May 18, 2022

10:28 GMT