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CHINA STEEL WRAP: Rebar market strengthens on list price hikes
March 19, 2013 - 09:35 GMT
iron ore prices
Shanghai Futures Exchange
hot rolled coil prices
Shanghai Steel Exchange Center
China’s spot rebar market made gains on Tuesday March 19 after several producers raised their list prices.
In Beijing, grade III rebar traded at 3,600-3,650 yuan
($573-581) per tonne, narrowing upwards by 10 yuan per tonne
from Monday. In Shanghai, prices for the same product gained
10-20 yuan per tonne for the day to trade at 3,510-3,720 yuan
per tonne. Four steelmakers raised their rebar list prices by
10-60 yuan per tonne on Tuesday. "The increases by the
producers bolstered the market sentiment," a Shanghai-based
trader said. As a result...
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