China’s domestic rebar prices increase on expectation of Spring 2024 demand spike

China’s domestic rebar prices moved up on Wednesday December 6 on increase in the value of the most-traded futures contract, but not all market participants were bullish on the price trend, sources told Fastmarkets.

Domestic

Fastmarkets’ daily price assessment for steel reinforcing bar (rebar) domestic, ex-whs Eastern China was 3,920-3,940 yuan ($549-552) per tonne on Wednesday, up by 20-30 yuan per tonne from 3,890-3,920...

Published

Jessica Zong

December 06, 2023

09:07 GMT

Shanghai