China's domestic rebar prices continued to strengthen on Friday May 8 on steady demand and rising futures.
Domestic
Eastern China (Shanghai): 3,500-3,540 yuan ($494-499) per tonne, up by 50 yuan per tonne
Northern China (Beijing) - weekly assessment: 3,450-3,500 yuan per tonne, up by 60 yuan per tonne
Contractors maintained their active procurement rates to meet their daily use, sources said.
A trader in eastern China told Fastmarkets that...