China domestic rebar prices rise following LPR cut

China’s domestic rebar prices recovered some losses on Friday May 20 after the People’s Bank of China cut the five-year loan prime rate (LPR) by 15 basis points, giving rise to positive sentiment in the market.

Domestic
Eastern China (Shanghai): 4,810-4,840 yuan ($715-720) per tonne, up by 30-40 yuan per tonne

Northern China (Beijing) weekly assessment: 4,750-4,790 yuan per tonne, down by 110 yuan...

Published

Jessica Zong

May 20, 2022

08:42 GMT

Shanghai