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Tag: Rebar prices extend decline in Jul’26

  • China: HRC, Rebar prices extend decline in Jul’26

    China: HRC, Rebar prices extend decline in Jul’26

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    by

    Shubham
    in

    China’s steel market remained under pressure in July as mills accelerated production cuts in response to widening losses, but weaker domestic demand and slowing export momentum prevented the supply adjustment from stabilising prices. Average Tangshan HRC prices declined 2.0% m-o-m to RMB 3,369/t in July from RMB 3,437/t in June, while average rebar prices fell…