CHINA REBAR: Prices flat amid mixed developments from 'two sessions'

China’s domestic rebar prices were unchanged on Friday May 22 due to mixed news emerging from a meeting of policymakers in Beijing.

Domestic
Eastern China (Shanghai): 3,560-3,590 yuan ($500-503) per tonne, unchanged
Northern China (Beijing) - weekly assessment: 3,550-3,600 yuan per tonne, up by 130-140 yuan per tonne
 
Chinese Premier Li Keqiang said in the morning that there would not be a gross domestic product growth target for 2020.

He also announced plans to issue 3.75 trillion yuan worth of local special bonds this...

Published

Jessica Zong

May 22, 2020

11:47 GMT

Shanghai