CHINA REBAR: Rain slows pace of price rises

June 04, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices continued to increase on Thursday June 3 on futures gains, but heavy rains slowed the increase compared with Wednesday's uptick, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 5,030-5,050 yuan ($787-790) per tonne, up by 30 yuan per tonne

The transportation of rebar by truck and construction activity were interrupted by heavy rains in certain parts of eastern and southern China, sources said, resulting in weaker demand for the long steel...

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