Just because News(dot)com(dot)au tells you something, doesn't mean its new news. The market has been dealing with China demand/supply issues since COVID.
Yes, rebar inventories in China have been building for the last couple years. China have(are?) implemented supply policies to tonnage per month to manage the effects to the global market.
The beautiful thing about a global economy is when someone isn't doing so well, someone else is on the rise. India is forecast up 10% in their steel demand for 2024.
DYOR
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $73.39M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $14.61K | 1.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 13489244 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 7014813 | 11 |
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| Last trade - 11.47am 23/06/2025 (20 minute delay) ? |
| AVL (ASX) Chart |