China's domestic rebar prices moved up further on Friday April 20, but the increases have led buyers to cut their procurement rates.
Domestic Eastern China (Shanghai): 3,790-3,830 yuan ($604-610) per tonne, up 30-40 yuan per tonne Northern China (Beijing): 3,700-3,740 yuan per tonne, widened upward by 10 yuan per tonne Sellers encouraged by the trading activity in the past couple of days, raised their prices in the morning. But a subdued futures market, which went on to retreat further in the afternoon, sapped...