CHINA REBAR: Tight supply halts price descent

October 20, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices stopped falling on Tuesday October 19 on tight supply, though market sentiment on demand remained pessimistic.

Domestic
Eastern China (Shanghai): 5,730-5,770 yuan ($894-901) per tonne, unchanged
Steel mills in eastern China's Jiangsu province lowered their production rates due to a tight supply of electricity, market sources said.

A trader in Shanghai said that a...

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