China's domestic rebar prices maintained their upward trend on Friday February 22 with stockists looking to replenish their inventories.
Domestic Eastern China (Shanghai): 3,720-3,760 yuan ($554-560) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,730-3,750 yuan per tonne, up 30 yuan per tonneSome stockists were actively buying rebar to replenish inventories, which pushed up prices. The gains in billet and futures prices offered additional support to the spot rebar market.Rebar prices in eastern China ended the week 10-20 yuan per tonne higher compared with last Friday amid higher...