China's domestic rebar prices maintained their upward trend on Thursday June 7, with support coming from the billet and futures markets.
Domestic Eastern China (Shanghai): 4,060-4,090 yuan ($635-640) per tonne, up 80-90 yuan per tonne Northern China (Beijing): 3,930-3,970 yuan per tonne, up 30-40 yuan per tonne Buyers procured at a slower pace during the day in comparison with Wednesday due to the large price increases, particularly those in east China, market sources said.A few sources think spot prices will...