CHINA REBAR: Housing sector's tight finances slow down demand recovery

February 29, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices tumbled further on Friday February 28 amid losses in the futures market and sustained weakness in demand from the construction sector.

Eastern China (Shanghai): 3,370-3,400 yuan ($480-485) per tonne, down 50 yuan per tonne
Northern China (Beijing): 3,320-3,360 yuan per tonne, down 50 yuan per tonne
The country's real estate sector is under pressure from a drop in transaction volumes due to the novel coronavirus (2019-nCoV) outbreak, industry analysts said.

With the next 2-3 months being the peak period for debt repayment, analysts expect companies...

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