China domestic rebar prices fall on resurgence of Covid-19 in 3 major cities

China’s domestic rebar prices dropped on Monday May 23, due to a resurgence in new Covid-19 cases and continuing lockdown measures in three major cities leading to weaker demand from construction projects.

Domestic
Eastern China (Shanghai): 4,790-4,810 yuan ($718-721) per tonne, down by 20-30 yuan per tonne

The restrictions in many communities of Shanghai continued this week and people are...

Published

Jessica Zong

May 23, 2022

08:53 GMT

Shanghai