China's domestic rebar prices rebounded on Thursday February 21 amid a pick-up in demand.
Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($550-556) per tonne, up 30-40 yuan per tonneNorthern China (Beijing): 3,700-3,720 yuan per tonne, up 20 yuan per tonneGains in the billet and futures markets coupled with the announcement of higher list prices by steelmakers pushed up spot prices, sources said.A few trading houses also increased their procurement rates to...