Rebar Future Prices Rebound after Falling_SMM

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Home / Metal News / Steel & Iron Ore / Rebar Future Prices Rebound after Falling

Rebar Future Prices Rebound after Falling

Mar 10, 2023 15:10

CST

Source:SMM

The rebar futures prices fell in the early trading period yesterday but then rebounded stimulated by the unexpected favourable data in the afternoon.

SHANGHAI, Mar 10 (SMM) - The rebar futures prices fell in the early trading period yesterday but then rebounded stimulated by the unexpected favourable data in the afternoon.

This week, the destocking speed of in-plant inventory and social inventory has accelerated. Among them, the rebar inventory has decreased 4.6% from last week, and the HRC inventory has decreased 1.7% from last week. Overall market was good yesterday and the transactions were active amid strong demand from infrastructure projects.

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