China domestic rebar prices edge up on stronger demand, potential end to Covid-19 restrictions in Shanghai

Chinese domestic rebar prices moved up slightly on Tuesday May 31 because of rising demand stimulated by futures gains, after plans to end Shanghai Covid-19 lockdown announced.

Eastern China (Shanghai): 4,770-4,790 yuan ($716-719) per tonne, narrowing up by 10 yuan per tonne.

The Shanghai government published a plan to end the lockdown and resume...


Jessica Zong

May 31, 2022

10:03 GMT