CHINA REBAR: Prices down following unfavorable housing market data

China's domestic rebar prices dropped on Monday October 18 following the release of data by National Bureau of Statistics (NBS) showing a decrease in new housing starts.

Domestic
Eastern China (Shanghai): 5,730-5,770 yuan ($890-896) per tonne, down by 30-40 yuan per tonne

The construction area of newly started houses came to 1.53 billion square meters in the first three quarters of 2021, down by 4.5% from...

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