China's domestic rebar prices experienced a mild recovery on Wednesday July 4 on higher sales following gains in the futures market.
Domestic Eastern China (Shanghai): 3,950-4,000 yuan ($593-600) per tonne, widened upward by 10 yuan per tonne Northern China (Beijing): 3,880-3,920 yuan per tonne, up 20 yuan per tonne Rebar futures surged during the first hour of trading, which boosted buying interest in the spot market. The increased trading activity led to prices regaining some of the losses of the past few...