China's domestic and export prices for rebar increased sharply on Monday April 8 following gains in the billet and futures markets.
Domestic Eastern China (Shanghai): 3,980-4,030 yuan ($592-600) per tonne, up 80 yuan per tonneNorthern China (Beijing): 3,950-3,980 yuan per tonne, up 40-50 yuan per tonneBuying interest picked up during the day amid increases in both the billet and futures markets, which in turn were largely attributed to the National Development & Reform Commission (NDRC) unveiling of key...