CHINA REBAR: Domestic prices rise, export prices steady

China’s domestic rebar prices moved up on Friday January 25 amid gains in the billet and futures markets, but those in the export segment remained flat on weak demand.

Domestic Eastern China (Shanghai): 3,710-3,750 yuan ($546-552) per tonne, up 10 yuan per tonne Northern China (Beijing): 3,700-3,740 yuan per tonne, up 30-40 yuan per tonne Steel billet and rebar futures both rose in comparison with a day earlier, encouraging sellers in the spot market to raise their offers. Buyers maintained their low procurement rates due to their decreasing consumption of the product. Prices in eastern...

Published

Jessica Zong

January 25, 2019

09:14 GMT

Shanghai