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China's rebar prices may become strong due to high billet prices

22 May 2020 16:32 reported by Jamie Yen

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Recently, the market prices of rebar had risen sharply, mainly because the prices of billet had largely increased and the inventory of rebar had declined continuously. The recovery of rebar in China was in a good way.

From the angle of iron ore in China market, could notice that the price of iron ore had risen this week due to the domestic demand in China had been much stronger while the impact of COVID-19 had been minimized.

In the coming future, the pressure on the shipment to China would be gradually reduced, and the demand for iron ore would keep increasing in China.

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