#Latest news with #rebarBloomberg28-05-2025BusinessBloombergChina Steel Woes Deepen as Rebar Prices Fall to Eight-Year LowPrices of a key Chinese steel product used in construction were at their lowest since 2017 as the world's biggest market for the metal grappled with a massive glut. Reinforcement bar — or rebar for short — is a benchmark for China's traditional steel markets because it's used to strengthen concrete in buildings and infrastructure. The eight-year low in Shanghai highlights the demand struggle facing steelmakers due to a prolonged downturn in the country's property sector.
Bloomberg28-05-2025BusinessBloombergChina Steel Woes Deepen as Rebar Prices Fall to Eight-Year LowPrices of a key Chinese steel product used in construction were at their lowest since 2017 as the world's biggest market for the metal grappled with a massive glut. Reinforcement bar — or rebar for short — is a benchmark for China's traditional steel markets because it's used to strengthen concrete in buildings and infrastructure. The eight-year low in Shanghai highlights the demand struggle facing steelmakers due to a prolonged downturn in the country's property sector.
28-05-2025
