CHINA REBAR: Inactivity keeps prices flat

August 01, 2019 / www.metalbulletin.com / Article Link

China's rebar prices were flat in both the domestic and export markets on Wednesday July 31, with demand being reported as steady but weak.

Domestic Eastern China (Shanghai): 3,920-3,940 yuan ($569-572) per tonne, unchangedNorthern China (Beijing): 3,830-3,850 yuan per tonne, unchangedRebar futures picked up in the morning before retreating in the afternoon, but the early gains failed to stimulate much buying interest in the spot market.Buyers were largely waiting for an official announcement about August steelmaking curbs in Tangshan - the country's steel production hub in the northern region - before...

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