CHINA REBAR: Prices surge amid Beijing's renewed urbanization push

China’s domestic and export prices for rebar increased sharply on Monday April 8 following gains in the billet and futures markets.

Domestic Eastern China (Shanghai): 3,980-4,030 yuan ($592-600) per tonne, up 80 yuan per tonne Northern China (Beijing): 3,950-3,980 yuan per tonne, up 40-50 yuan per tonne Buying interest picked up during the day amid increases in both the billet and futures markets, which in turn were largely attributed to the National Development & Reform Commission (NDRC) unveiling of key...

Published

Jessica Zong

April 08, 2019

12:22 GMT

Shanghai