CHINA REBAR: Prices surge by $34 per tonne on tight supply outlook

September 23, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices moved up sharply on Wednesday September 22 on market participants' expectation of supply cuts in the remaining months of 2021.

Domestic
Eastern China (Shanghai): 5,800-5,840 yuan ($897-903) per tonne, up by 220 yuan per tonne

China produced 20.12 million tonnes of rebar in August, down by 16.1% from a year earlier and 4.26% lower than in July, according to data...

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