CHINA REBAR: Spread of coronavirus in Asian countries stalling exports

摘要

High inventory levels weighted on China’s domestic rebar market on Tuesday February 25 while concerns over overseas demand also led to a drop in export prices. Eastern China (Shanghai): 3,450-3,480 yuan ($491-495) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,380-3,420 yuan per tonne, widened downward by 10 yuan per tonne A pile-up of finished steel due to weak demand and transportation restrictions in China put pressure on prices, sources said.