CHINA REBAR: Lower steel output in August boosts rebar futures

China's rebar futures rebounded on Wednesday September 15 after the National Bureau of Statistics (NBS) released data indicating lower steel output in August, but spot prices continued to drop on weak end-user demand.

Domestic
Eastern China (Shanghai): 5,480-5,520 yuan ($850-857) per tonne, down by 20 yuan per tonne
Chinese steel output continued to decline on both a yearly and monthly basis in August, which pushed up steel futures during the early hours of trading.

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