CHINA REBAR: Domestic prices hit new high, sentiment less bullish

China's domestic rebar prices increased again on Thursday April 22, hitting a new 12-year high following futures gains - although market participants remain unconvinced there will be any further price rises.

Domestic
Eastern China (Shanghai): 5,070-5,100 yuan ($776-780) per tonne, up by 30 yuan per tonne
Prices broke the recent record of 5,050-5,090 yuan per tonne achieved on April 6.

Rebar futures picked up after the...

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