CHINA REBAR: Free-falling futures push down rebar prices

By Jessica Zong / March 23, 2018 / www.metalbulletin.com / Article Link

China's rebar prices fell sharply in both the domestic and export markets on Friday March 23 after futures plunged in response to the country's brewing trade war with the United States.

Domestic Eastern China (Shanghai): 3,500-3,580 yuan ($553-566) per tonne, down 110-120 yuan per tonne Northern China (Beijing): 3,750-3,780 yuan per tonne, down 80 yuan per tonne US President Donald Trump unveiled plans for fresh trade sanctions against China on Thursday, which include restrictions on investment and tariffs on some $60 billion worth of China-origin...

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