CHINA REBAR: Growing concerns over Beijing Covid-19 outbreak chip off prices

China's domestic rebar prices dropped slightly on Wednesday June 17 amid concerns over whether the construction sector would come under restrictions due to a fresh Covid-19 outbreak in Beijing.

Domestic
Eastern China (Shanghai): 3,550-3,580 yuan ($501-505) per tonne, down by 20 yuan per tonne
Market participants are worried that construction sites in Beijing would have to stop work to contain the spread of the coronavirus in the capital, although no official notice has been issued to that effect.

Another 31 more cases were reported in Beijing on Tuesday, according to the Municipal Health Commission. This...

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