China’s domestic rebar prices keep rising after RRR cut

China’s domestic rebar prices continued to trend higher on Friday September 15 after the People’s Bank of China reduced the reserve requirement ratio (RRR) by 0.25 percentage points.


Fastmarkets’ daily price assessment for steel reinforcing bar (rebar) domestic, ex-whs Eastern China was 3,720-3,730 yuan ($511-513) per tonne on Friday, up by 30 yuan per tonne from 3,690-3,700...


Jessica Zong

September 15, 2023

10:32 GMT