CHINA REBAR: Domestic prices surge but trading slows

December 19, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices rose sharply on Friday December 18 in tandem with big gains in the steel futures market, ending the week with a total increase of 130 yuan per tonne in the country's eastern region.

Domestic
Eastern China (Shanghai): 4,330-4,360 yuan ($662-667) per tonne, up by 120 yuan per tonne
Northern China (Beijing) weekly assessment: 3,930-3,960 yuan per tonne, up by 90 yuan per tonne

Rain and low temperatures slowed down construction work in parts of eastern China and most parts of northern China. This slowed down buying...

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