China's domestic rebar prices continue downward spiral

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

China's domestic rebar prices tumbled further on Wednesday November 3, which stimulated demand.

Domestic
Eastern China (Shanghai): 4,950-4,980 yuan ($774-778) per tonne, down by 130 yuan per tonne
Rebar sellers lowered their offers in the morning on a weak futures market, a trader in Shanghai said.

The January rebar futures contract on the Shanghai Futures Exchange was lower...

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