China's rebar prices drop on unfavorable downstream industry data

China's domestic rebar prices decreased on Monday November 15 after the National Bureau of Statistics (NBS) released the data for October's housing industry development.

Domestic
Eastern China (Shanghai): 4,700-4,730 yuan ($736-741) per tonne, down by 100 yuan per tonne
Newly constructed housing in area terms totaled 1.67 billion square meters in the first 10 months of this year in China, down by 7.7% year on year, the NBS data showed.

Housing prices declined month on month in October in most big cities, according to NBS. One industry...

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