Tag: China rebar

China’s domestic rebar (16mm, HRB400E, Grade 3) prices fell by over RMB 1,000/tonne (t) ($148/t) since early May 2022 due to weak domestic demand and a sudden surge in Covid-19 cases. Prices stood at around RMB 3,940/t ($584/t) on 18 July, a sharp fall of around RMB 1,220/t ($181/t) from the high levels of RMB…