China's rebar prices dropped in both the domestic and export markets on Monday September 21, amid inactivity and bearish sentiment.
Domestic
Eastern China (Shanghai): 3,650-3,670 yuan ($545-548) per tonne, down by 30 yuan per tonne
Concerns about the Covid-19 pandemic in the United States weighed on global stock markets, putting commodities futures under pressure and pushing down spot rebar prices.
End users raised their consumption of rebar due to clearer weather in some regions, but they...