CHINA REBAR: Domestic prices pick up again on futures, billet gains

China's domestic rebar prices strengthened again on Friday January 19 on gains in the futures and billet markets.

Eastern China (Shanghai): 3,800-3,850 yuan ($591-599) per tonne, up 20-40 yuan per tonne
Northern China (Beijing): 3,820-3,850 yuan per tonne, up 20-30 yuan per tonne
Rebar futures as well as billet prices rose during the day, which pushed up spot prices for the long steel product.

Buyers in major...


Jessica Zong

January 19, 2018

09:59 GMT