China’s domestic rebar prices down on disappointing rate cut

China’s domestic rebar prices decreased on Monday August 21 after the People's Bank of China failed to lower its 5-year loan prime rate (LPR), counter to previous market expectations, sources said.


Fastmarkets’ daily price assessment for steel reinforcing bar (rebar) domestic, ex-whs Eastern China was 3,600-3,610 yuan ($496-498) per tonne on Monday, down by 20 yuan per tonne from 3,620-3,630...


Jessica Zong

August 21, 2023

10:20 GMT