China’s rebar market up on typhoon restocking, billet gains [CORRECTED]

China’s spot rebar market picked up on Friday July 10, as buyers stocked up on materials amid a typhoon alert on the eastern coast while prices in the northern region rose in line with that of billet.


Key drivers The stock market crash in China sent both the billet and futures markets into a freefall earlier this week, and along with them, spot prices for long steel. But rebar prices increased for the first time in two months in Shanghai just before the start of the weekend, with end-users restocking on expectations that...

Published

Veronica Qin

July 10, 2015

10:34 GMT

Shanghai