China’s domestic rebar prices drop despite RRR cut

China's domestic spot and futures rebar prices fell on Monday March 20 amid negative sentiment among market participants following the People’s Bank of China’s reduction in the required reserve rate (RRR), sources told Fastmarkets.

Eastern China (Shanghai): 4,180-4,200 yuan ($606-609) per tonne, down by 30 yuan per tonne

The RRR of financial institutions was reduced by 0.25 percentage points to...


Jessica Zong

March 20, 2023

09:57 GMT