CHINA REBAR: Heavy rain cools eastern demand

May 27, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices dropped on Wednesday May 26 as a result of heavy rain in some eastern regions of the country negatively affecting demand.

Domestic
Eastern China (Shanghai): 4,820-4,840 yuan ($754-757) per tonne, down by 80 yuan per tonne

Heavy rain in the eastern Chinese provinces of Zhejiang, Fujian and Jiangxi led to reduced consumption of rebar at construction sites and disrupted transportation of the product, which...

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