Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

Change font size:   

February 2020 | Steel Forecaster


Chinese rebar inventories rise significantly as demand remains depressed: International Long Product Market Analysis


The stifled demand has resulted in rebar stocks rising significantly compared with prior years.

Chinese rebar prices remain well below levels at the start of the year amid a significant market slowdown caused by the coronavirus outbreak. However, a partial resumption of construction activity in eastern Chinese provinces including Jiangsu and Zhejiang lent support to prices in recent days. The Eastern China rebar assessment settled at 3,435 yuan ($488) per tonne ex-warehouse on February 21, up from the low of 3,385 yuan per tonne in mid-February, but still significantly below 3,720 yuan per tonne at the start of the year. Similarly, the rebar export index edged up marginally on the prior days, ticking up to $437 per...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?