Rebar demand in China continued to decline on Thursday, December 23, as resurgence of Covid-19 cases and seasonal year-end slowdowns led to a decline in local prices, according to Fastmarkets sources.
Local
East China (Shanghai): 4,800-4,830 yuan ($754-758) per tonne, down 20 yuan per ton
Construction sites in some cities in Zhejiang province have had to reduce their activities as workers are affected by the Covid-19 quarantines, causing a decline in rebar demand.
Comments
No comment yet.