CHINA REBAR: Export prices tumble amid weak domestic market

China's domestic rebar prices dropped slightly on Thursday February 13 on persistently weak demand while the export segment tumbled after cargoes were sold much lower than prevailing rates.

Eastern China (Shanghai): 3,370-3,400 yuan ($483-488) per tonne, down 10-20 yuan per tonne
Northern China (Beijing): 3,420-3,450 yuan per tonne, down 10-20 yuan per tonne
Most construction projects are delaying their restart after the Chinese New Year amid sustained concerns over the spread of the novel coronavirus (2019-nCoV).

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