Differing inventory levels in China's two major rebar markets led to prices in the eastern region edging up while those in the north weakened on Tuesday April 17.
Domestic Eastern China (Shanghai): 3,650-3,710 yuan ($581-591) per tonne, widened upward by 10 yuan per tonne Northern China (Beijing): 3,620-3,670 yuan per tonne, down 10-20 yuan per tonne In Shanghai's spot market, rebar inventory levels have fallen to around 400,000 tonnes, which took the pressure off prices, sources said. A few sellers who do not have a lot of...