Rebar prices in the Chinese market on August 8

Comments today (Date：08/08/2023)

China's spot market dynamics: The average price of 20mm grade 3 seismic rebar in 31 major cities was $528.86/ton, a decrease of $3.34/ton from the previous trading day; the Shanghai rebar dollar price index closed at $512.67, a decrease of 0.52%. Specifically, the price of rebar futures fluctuated in a wide range in the morning, and the quotations in the spot market were stable and weakened; in the afternoon, merchants secretly dropped shipments and increased, but the market transaction status was still general. In the short term, the market is still in an anxious state. Considering the market decline narrowed yesterday, and the transaction rebounded slightly from the previous month, the national building materials market price may show a stable and slightly weakening trend today.

1. The weight of rebar and round steel(>8mm) in the above price list is theoretically calculated, and the weight of rebar coil(8mm) is weighed.
2. The sizes in the list are the sizes of commonly used steel bars, usually there are abundant steel bar products with a diameter of 6mm-40mm in the Chinese market.
3. The above prices are ex-factory prices including tax, and there will be a small delivery fee when the customer picks up the goods. Does not include freight.
4. Unless otherwise specified, the price of rebar in the above table is for 9-meter-length products.
5. Domestic and international materials (grades) are the most similar specifications selected based on public data, which does not mean that the corresponding materials (grades) are completely consistent.
6. If you need to inquire about Chinese products produced according to international production standards, you can submit an RFQ, and the customer service will provide manual feedback.

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