China's domestic rebar prices remained in an upward trend on Monday April 23 amid rebounding futures.
Domestic Eastern China (Shanghai): 3,860-3,900 yuan ($613-619) per tonne, up 70 yuan per tonne Northern China (Beijing): 3,730-3,770 yuan per tonne, up 30 yuan per tonne A strong rebound in the futures market led to active buying in the spot market, which pushed up prices. A major producer also raised its rebar list price for late April, which provided additional support to...