Over the past week, the South Korean rebar market remain weak, 10mmSD400 grade rebar price was 54-55 ten thousand won / tonne (USD 464-472 / ton), down by 5000-10000 won / tonne (USD4.3-8.6 / ton). Buyers expect prices to fall further, to postpone purchases.

In addition, the construction activity slowdown along with winter coming, the local user rebar inventories relatively abundant, procurement is not active.

According to market estimates, Korean rebar import in November was about 6-7 ten thousand tons, down nearly 50% from October's 128,000 tons, but in a short-term Korean rebar market will show a downward trend.

                                                          XINSTEEL NEWS