CHINA REBAR: Domestic rebar prices edge up

China’s domestic rebar prices sustained some upward momentum on Wednesday March 13 on steady demand and gains in the billet market.

Domestic Eastern China (Shanghai): 3,810-3,850 yuan ($567-573) per tonne, up 10 yuan per tonne Northern China (Beijing): 3,790-3,830 yuan per tonne, up 10 yuan per tonne Rebar futures dropped in the afternoon, which slowed down trading activity in the spot market. But buyers had actively made purchases in the morning, which was enough to take the day’s sales to about the same as those on Tuesday, sources said....


Jessica Zong

March 13, 2019

09:45 GMT