China's domestic rebar prices increased on Monday August 19 amid rising futures stimulated by plans unveiled by the central Chinese government to lower borrowing costs for companies.
Domestic Eastern China (Shanghai): 3,700-3,730 yuan ($525-530) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,620-3,640 yuan per tonne, up 10 yuan per tonneChina will implement "market-oriented reform measures" to reduce real interest rates and ease financing difficulties for companies, Premier Li Keqiang said at a State Council's meeting last Saturday.Rebar futures rose rapidly on Monday...