Rebar futures in China rise after central govt meeting to stabilize economic growth
Rebar futures on the Shanghai Futures Exchange increased on Friday April 29 following a central Chinese government meeting aimed at working out ways to stabilize China’s economic growth.
Eastern China (Shanghai):
4,980-5,000 yuan ($755-759) per tonne, unchanged
Northern China (Beijing) weekly assessment:
4,960-5,000 yuan per tonne, down by 100-120 yuan per tonne