China's domestic rebar prices moved up on Wednesday September 19, while sellers cut procurement rates at higher prices.
Domestic Eastern China (Shanghai): 4,580-4,620 yuan ($667-673) per tonne, up 30 yuan per tonneNorthern China (Beijing): 4,410-4,430 yuan per tonne, narrowed upward 10 yuan per tonneTraders raised prices in the morning on Tuesday's high sales volumes and early-hour futures gains on Wednesday. Buyers cut procurement rates on the back of higher prices. Meanwhile, the retreat in futures also led...