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Home / Metal News / Beijing Rebar prices down by RMB 20 a ton

Beijing Rebar prices down by RMB 20 a ton

Mar 27, 2017 10:05

Source:scrapregister

Spot steel markets turned southwards again on Friday. Billet prices in Tangshan lost by RMB 40 a ton.

UNITED KINGDOM March 24 2017 4:51 PM

LONDON (Scrap Register): Spot steel markets turned southwards again on Friday. Billet prices in Tangshan lost by RMB 40 a ton.

Rebar prices in Beijing went down by RMB 20 a ton. Spot iron ore markets followed suit. An Australian miner sold 61% Fe PB Fines via tender at slightly below 84.

In the off-screen market, bids and offers both moved lower. In China, port stock prices were stable.

The most active DCE iron ore futures contract price softened by 0.51%, while SHFE rebar lost 0.35%. All prices US$/dmt CFR China unless otherwise stated.

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