China's domestic rebar prices stop falling on tightened supply

November 05, 2021 / www.metalbulletin.com / Article Link

Domestic rebar prices in China stopped falling on Thursday November 4, reflecting tighter supply from steel mills and on the spot market.

East China (Shanghai): 4,950-4,980 yuan ($774-778) per tonne, unchanged

Over the week to Thursday, rebar output totaled 2.88 million tonnes, a decrease of 21,600 tonnes from the previous week. According to a local industry information...

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