CHINA REBAR: Increased supply pushes down prices

October 28, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices dropped sharply on Wednesday October 27 due to high supplies and weak demand.

Domestic
Eastern China (Shanghai): 5,200-5,230 yuan ($814-819) per tonne, down by 150-170 yuan per tonne

The supply of coal to major power plants has been higher than consumption for 20 days, according to a report by state-owned CCTV...

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