CHINA REBAR: High inventory levels weigh on domestic prices

October 15, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices continued to slide on Wednesday October 14 amid high stock levels of mills and the spot market.

Domestic
Eastern China (Shanghai): 3,700-3,730 yuan ($550-555) per tonne, down by 10 yuan per tonne

Major steel mills had 13.59 million tonnes of finished steel inventory in early October, up by 17.22% from late September, while stock levels in the spot market amounted to 12.64 million tonnes, up by 3.4%, according to the China...

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