China’s spot rebar prices rise on futures, billet gains

China’s spot rebar prices rose on Monday July 17 amid rebounding futures and a sharp increase in the billet market.

Key drivers Billet prices rose 40 yuan ($6) per tonne over the weekend before increasing by another 30 yuan ($4.40) per tonne on Monday morning. The strength in the market for the semi-finished product stimulated buying interest for rebar, with participants expecting prices for...

Published

Jessica Zong

July 17, 2017

10:35 GMT

Shanghai