CHINA REBAR: Demand rises following cut in prices

China's domestic rebar prices fell sharply on Friday October 22 following a drop in the futures market, but the lower prices stimulated an increase in buying interest.

Domestic
Eastern China (Shanghai): 5,300-5,350 yuan ($829-837) per tonne, down by 330 yuan per tonne
Northern China (Beijing) weekly assessment: 5,240-5,270 yuan per tonne, down by 360-380 yuan per tonne

The January rebar futures contract closed at 4,900 yuan per tonne on Friday, 343 yuan, or...

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