CHINA REBAR: Pessimistic outlook fuels selling pressure

August 28, 2021 / www.metalbulletin.com / Article Link

Rebar sellers in eastern China continued to lower their offers on Friday August 27 to generate more sales, but spot prices remain higher than last Friday as a result of gains from earlier this week.

Domestic
Eastern China (Shanghai): 5,130-5,160 yuan per tonne, down by 20 yuan per tonne
Northern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, unchanged

Sellers looked to offload more of their cargoes by lowering their offers slightly to generate sales amid...

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