Bargain-hunting buyers end China's domestic rebar price downtrend

China’s domestic rebar prices halted their downward trend amid increased procurement from buyers on the expectation that prices will bottom out soon, sources told Fastmarkets on Friday March 24.

Eastern China (Shanghai): 4,080-4,100 yuan ($597-600) per tonne, unchanged
Northern China (Beijing) weekly assessment: 4,070-4,100 yuan per tonne, down by 190-200 yuan per tonne


Jessica Zong

March 24, 2023

09:52 GMT