China's domestic rebar prices increased on Wednesday June 19 on futures gains, but export prices continued to drop due to the need to sell.
Domestic Eastern China (Shanghai): 3,820-3,860 yuan ($552-558) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,680-3,710 yuan per tonne, up 10-30 yuan per tonneRebar futures' rise led to more active trading in spot market and pushed up prices, sources said.The increase, however, was not expected to last, because the demand was...