China's domestic rebar prices experienced a slight rebound on Thursday November 22 following gains in the billet market.
Domestic Eastern China (Shanghai): 3,990-4,020 yuan ($575-579) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 3,820-3,850 yuan per tonne, up 10-20 yuan per tonneThe price of billet regained some of the losses incurred in the past few days, which provided support to the futures market. Rebar futures ended the day 1% above its settlement price on Wednesday as a result. Consequently, rebar...