CHINA REBAR: Domestic prices continue climb on steady demand

China’s domestic rebar prices edged up further on Tuesday April 14 amid what was described by market participants as “good and steady” demand.

Eastern China (Shanghai): 3,470-3,500 yuan ($492-496) per tonne, up by 10 yuan per tonne
Northern China (Beijing): 3,410-3,440 yuan per tonne, up by 10 yuan per tonne
 
Buyers actively procured cargoes during the day, which gave prices a slight upward push.
Early gains in the futures market provided additional support to spot prices as well.

The most-traded...

Published

Jessica Zong

April 14, 2020

10:03 GMT

Shanghai