Tag: China Iron and Steel Association

China’s steel prices have started declining, since Aug’21. A strong indication is the rebar futures, which have fallen the most in this month, from RMB 5,700/tonne (t) to below RMB 5,400/t, while spot rebar prices have also fallen by more than RMB 100/t. The market has been bleak in August. On August 17, the main…