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Key China Steel Price Hits Near-Decade Low on Construction Slump

Bloomberg Markets Friday 07 August 2026, 06:05 UTC By Katharine Gemmell 1 min read
Key Points

Key China Steel Price Hits Near-Decade Low on Construction Slump The price of a key Chinese steel product has dropped to the lowest in almost a decade as a prolonged property downturn sapped construction demand and swelled inventories. Spot rebar fell for a 49th straight day to 3,142 yuan ($465.63) a ton on Friday, the lowest since November 2016, according to an average of regional prices from Beijing Antaike Information Technology Co. Reinforcement bar — or rebar — is a crucial gauge of...

Key China Steel Price Hits Near-Decade Low on Construction Slump The price of a key Chinese steel product has dropped to the lowest in almost a decade as a prolonged property downturn sapped construction demand and swelled inventories. Spot rebar fell for a 49th straight day to 3,142 yuan ($465.63) a ton on Friday, the lowest since November 2016, according to an average of regional prices from Beijing Antaike Information Technology Co. Reinforcement bar — or rebar — is a crucial gauge of China’s traditional steel market because of its widespread use in real estate and infrastructure projects.
Key China Steel Price (ORG) Chinese (ORG) Beijing Antaike Information Technology Co. Reinforcement (ORG) China (LOCATION)
Originally published by Bloomberg Markets Read original →

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