Cold wave weakens domestic rebar demand in China

End-user demand for rebar in China's domestic market decreased on Monday November 8 on adverse weather, though prices picked up on rising futures.

Domestic
Eastern China (Shanghai): 4,900-4,980 yuan ($766-778) per tonne, up by 20-70 yuan per tonne

Large parts of China have been experiencing a cold wave since last Friday, causing snow in the northern region and strong winds in the...

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