CHINA REBAR: Prices rise further on good weather

China’s domestic rebar prices edged up further on Tuesday March 19 on steady end-user demand amid favorable weather.

Domestic Eastern China (Shanghai): 3,870-3,900 yuan ($576-581) per tonne, narrowed upward by 20 yuan per tonne Northern China (Beijing): 3,850-3,890 yuan per tonne, narrowed upward by 10 yuan per tonne Warmer weather in both Shanghai and Beijing led contractors to raise their procurement rates slightly, which gave rebar prices a small upward push on the lower end. Gains in the billet and...

Published

Jessica Zong

March 19, 2019

09:35 GMT

Shanghai