CHINA REBAR: Prices rise but cold wave forecast weakens sentiment

China's domestic rebar prices rose on Monday December 28 after three days of decreases in the second half of last week but market participants do not expect the upward momentum to be sustained amid a pessimistic outlook for demand.

Domestic
Eastern China (Shanghai): 4,430-4,450 yuan ($678-681) per tonne, up by 30 yuan per tonne
China's Central Meteorological Administration has issued an orange warning for a cold wave from Monday until Thursday across many parts of China.

Temperatures are forecast to drop by up to...

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