China's domestic rebar prices rose on Friday December 14 as trading activity picked up.
Domestic Eastern China (Shanghai): 3,800-3,840 yuan ($552-558) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,560-3,590 yuan per tonne, up 50 yuan per tonneBillet and futures moved steadily upward during today's trading session, leading to higher buying interest.Some end users raised procurement rates ahead of weekend, market sources said.A few stockists in eastern and southern China were heard booking rebar in small tonnages from northern China to replenish inventories, which caused the...