China's domestic rebar prices rose on Tuesday January 2 amid gains in the billet and futures markets.
Domestic Eastern China (Shanghai): 4,280-4,330 yuan ($657-665) per tonne, up 30 yuan per tonne Northern China (Beijing): 4,020-4,050 yuan per tonne, up 20 yuan per tonne Billet prices rose during the New Year weekend, which returned some bullishness to the rebar market. The increases in the paper market offered additional...