CHINA REBAR: Domestic demand gradually picking up

China's domestic rebar prices were flat on Wednesday February 26 despite declining futures, with strengthening end-user demand providing support to the market.

Eastern China (Shanghai): 3,450-3,480 yuan ($490-495) per tonne, unchanged
Northern China (Beijing): 3,380-3,420 yuan per tonne, unchanged
With less logistical disruptions and more workers in the transportation sector back at work, demand for rebar is experiencing a gradual increase.

Some 50,000 tonnes of rebar were being traded daily over the past three days, compared with around 10,000 tonnes per day early last week, an industry analyst said, quoting statistics from a local...

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