CHINA REBAR: Domestic prices surge on billet, futures gains

China’s domestic rebar prices rose sharply on Monday February 26 following big gains in the billet and futures markets.

Domestic
Eastern China (Shanghai): 4,030-4,070 yuan ($636-642) per tonne, up 120-130 yuan per tonne
Northern China (Beijing): 4,100-4,140 yuan per tonne, up 100 yuan per tonne
Billet prices rose by a total of 140 yuan per tonne over the weekend and Monday morning amid active trading.

Rebar futures also surged to a high of 4,047 yuan per...

Published

Jessica Zong

February 26, 2018

09:53 GMT

Shanghai