Tag: China’s rebar price nears 4-y low amid bleak sentiment

Chinese steel prices declined further on 15 March with bearish sentiment pervading both domestic spot and futures markets, partly dragged by the fragility of country’s property sector that implied sluggish downstream demand for construction steel. On Friday, China’s national prices of HRB400E 20mm diameter rebar under Mysteel’s assessment slipped by another Yuan 39/tonne (t) ($5.4/t)…