Latest news with #rebar
Bloomberg
3 days ago
- Business
- Bloomberg
Iron Ore Extends Downward Trend on Weaker Chinese Steel Market
Iron ore edged down for the fifth day, continuing a downward trajectory as China 's steel market weakens. Futures of the steel-making ingredient are at the lowest price since April and touched $92 a ton this week. Prices have been slipping as traders weigh up a return to fundamentals and the decline in China's demand for rebar.
Zawya
13-06-2025
- Business
- Zawya
US launches anti-dumping probe into Egyptian rebar exports
Arab Finance: The US International Trade Commission announced a preliminary anti-dumping and countervailing duty investigation into imports of steel concrete reinforcing bars (rebar) from Egypt, Algeria, Bulgaria, and Vietnam. Unless the Department of Commerce extends the time for initiation, the commission shall issue a preliminary determination by July 21 st on whether Egyptian and other mentioned countries materially injured or threatened the US industry. The commission will also have to present its views to the commerce within five business days thereafter, or by July 28 th, 2025. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Bloomberg
28-05-2025
- Business
- Bloomberg
China Steel Woes Deepen as Rebar Prices Fall to Eight-Year Low
Prices 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.
