CHINA REBAR: Domestic prices bounce back on higher activity

China’s domestic rebar prices rebounded on Thursday February 21 amid a pick-up in demand.

Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($550-556) per tonne, up 30-40 yuan per tonne Northern China (Beijing): 3,700-3,720 yuan per tonne, up 20 yuan per tonne Gains in the billet and futures markets coupled with the announcement of higher list prices by steelmakers pushed up spot prices, sources said. A few trading houses also increased their procurement rates to...

Published

Jessica Zong

February 21, 2019

09:55 GMT

Shanghai