CHINA REBAR: Domestic prices pick up after early-hour decline

China’s domestic rebar prices were flat on Thursday April 2, amid rising futures and a tumbling billet market.

Eastern China (Shanghai): 3,390-3,420 yuan ($478-482) per tonne, unchanged
Northern China (Beijing): 3,330-3,370 yuan per tonne, unchanged
 
Rebar prices dropped in the early hours after the billet market tumbled late on Wednesday.
But prices recovered in the afternoon on higher sales volume following gains in the futures market.

The publication of data showing a...

Published

Jessica Zong

April 02, 2020

09:45 GMT

Shanghai