CHINA REBAR: Domestic prices see mild increases

China’s domestic rebar prices saw small increases on Tuesday October 9 on higher futures and gains in the billet market.

Domestic
Eastern China (Shanghai): 4,530-4,570 yuan ($655-661) per tonne, up 10 yuan per tonne
Northern China (Beijing): 4,330-4,370 yuan per tonne, up 10 yuan per tonne
Billet prices increased on good demand and futures moved up steadily today, leading to bullish sentiment in the spot rebar market.

Trading activity was higher than on Monday,...

Published

Jessica Zong

October 09, 2018

10:34 GMT

Shanghai