CHINA REBAR: Domestic prices edges up on stronger billet, futures

Gains in the billet and futures markets on Tuesday May 15 gave domestic rebar prices in China a small boost.

Domestic Eastern China (Shanghai): 3,980-4,030 yuan ($628-636) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,940-3,970 yuan per tonne, narrowed upward by 10 yuan per tonne Traders raised their prices following gains in the futures market during Monday’s night trading session as well as those for billet. Buyers kept their procurement rates steady, which supported...

Published

Jessica Zong

May 15, 2018

10:35 GMT

Shanghai