CHINA REBAR: Domestic market rebounds on Shagang's higher list price

By Jessica Zong / June 21, 2018 / www.metalbulletin.com / Article Link

China's domestic rebar market on Thursday June 21 recovered the losses experienced a day earlier after a major mill issued higher list prices.

Domestic Eastern China (Shanghai): 4,120-4,160 yuan ($636-642) per tonne, up 10-20 yuan per tonne Northern China (Beijing): 3,900-3,950 yuan per tonne, up 20-30 yuan per tonne Major rebar producer Shagang raised its selling price for rebar by 100 yuan per tonne for late-June shipments of the product, which improved sentiment and led to a strengthening of...

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