CHINA REBAR: Destocking pressure weighs on prices

March 16, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices dropped on Monday March 15 on destocking pressure despite a strengthening of the futures market.

Domestic
Eastern China (Shanghai): 4,680-4,700 yuan ($720-723) per tonne, down by 20-30 yuan per tonne
Tangshan has rolled back its emergency measures to combat heavy pollution.

Blast furnaces in the city were producing at an average rate of 79% during the day, up by 3 percentage points from a week earlier, according to a local industry information...

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