Eastern China (Shanghai):
3,390-3,420 yuan ($478-482) per tonne, unchanged
Northern China (Beijing):
3,330-3,370 yuan per tonne, unchanged
Some market participants think rebar demand will remain active this month due to the weather becoming milder and with the Covid-19 outbreak in China appearing to come under control.
But others are less bullish because they expect production to increase and China’s economic growth to experience slower growth due to the...