China's rebar prices maintained their upward momentum in both the domestic and export markets on Monday March 4 amid expectations of a strengthening in demand.
Domestic Eastern China (Shanghai): 3,800-3,860 yuan ($566-575) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,820-3,860 yuan per tonne, up 30-40 yuan per tonneWarmer temperatures in northern China and favorable weather in the eastern region have led to an increase in construction activity in the country, which resulted in a strengthening of demand for rebar, market sources said.Demand is expected to continue to rise in...