China’s domestic rebar prices halt decline on futures gains

The decline in Chinese domestic rebar prices came to a halt on Tuesday August 29, following a rise in the October rebar futures contract on the Shanghai Futures Exchange (SHFE).

Fastmarkets’ daily price assessment for steel reinforcing bar (rebar) domestic, ex-whs Eastern China, was 3,600-3,610 yuan ($494-496) per tonne on Tuesday, unchanged from Monday.

The October rebar...


Jessica Zong

August 29, 2023

08:36 GMT