CHINA REBAR: Prices pick up on traders' restocking demand

August 05, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices recovered some losses on Wednesday August 4 on traders' replenishing their inventories, but end-user demand remained weak.

Domestic
Eastern China (Shanghai): 5,200-5,240 yuan ($804-810) per tonne, up by 70 yuan per tonne

Rebar futures picked up during the day on expectations among market participants that steel production cuts will continue over the remainder of this year to reduce the...

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