China's domestic rebar prices rebounded on Tuesday June 12 amid a strong recovery in the futures market.
Domestic Eastern China (Shanghai): 4,050-4,100 yuan ($633-640) per tonne, up 30-50 yuan per tonne Northern China (Beijing): 3,900-3,940 yuan per tonne, up 20 yuan per tonne Rebar futures trended upward from the second hour of trading during the day, which stimulated buying interest. The demand led traders to raise their prices.Meanwhile, billet...