CHINA REBAR: Prices drop sharply on rising inventory levels

Domestic rebar prices in China decreased sharply on Wednesday September 13 due to rising inventory levels and an outlook of higher production rates.

Domestic
Eastern China (Shanghai): 5,720-5,760 yuan ($887-893) per tonne, down by 200 yuan per tonne

Spot market inventories of rebar in 20 major Chinese cities totaled 5.13 million tonnes on October 10, up by 60,000 tonnes from September 30,...

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