CHINA REBAR: Domestic prices edge up on billet, futures gains

October 16, 2018 / www.metalbulletin.com / Article Link

China's domestic rebar prices moved up slightly on Monday October 15 following gains in the billet and futures markets.

Domestic Eastern China (Shanghai): 4,550-4,590 yuan ($657-663) per tonne, up 10 yuan per tonneNorthern China (Beijing): 4,340-4,380 yuan per tonne, widened upward by 10 yuan per tonneThe price of billet rose over the weekend amid a pick-up in demand, while futures rose continually on Monday, which pushed up spot rebar prices.Trading activity remained low, however, with trading houses said to be...

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