Eased monetary policy expectation extends China's domestic rebar price rise

China's domestic rebar prices continued rising on Wednesday January 24 on market participant expectations that the country's central bank would release capital flow to commercial banks to boost the economy, sources told Fastmarkets.

Domestic

Fastmarkets’ daily price assessment for steel reinforcing bar (rebar) domestic, ex-whs Eastern China was 3,830-3,850 yuan ($538-541) per tonne on Wednesday, up by 10 yuan per tonne from 3,820-3,840...

Published

Jessica Zong

January 24, 2024

10:30 GMT

Shanghai