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Rebar prices underpinned by lower supply, eased impact of wet season
Jul 7,2020 18:22CST
smm insight
Source:SMM
Rebar fundamentals are in recovery as supply declines and pressure from the rainy season on downstream demand eases. This, together with strength in rebar futures, will support spot rebar prices this week. The upsides room of prices, however, will be limited as overall stocks linger at high levels and demand in some Chinese regions remains depressed by rainy weather. 
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