China’s spot rebar prices up on billet gains [CORRECTED]

China’s spot rebar prices moved up on Wednesday May 31 following gains in the billet market made during the Dragon Boat Festival break.


Key drivers
Billet prices strengthened during the four-day weekend, though they lost some of those gains during the day. The increases gave a boost to the spot rebar market, sending prices upwards, participants said.

But a weakening of rebar futures after a high opening capped buying activity in...

Published

Jessica Zong

May 31, 2017

10:22 GMT

Shanghai