CHINA REBAR: Domestic prices surge on rising demand

China's domestic rebar prices moved up significantly on Monday March 16 on the recovery of end-user demand after the novel coronavirus (2019-nCoV) outbreak showed signs of having peaked in the country.

Eastern China (Shanghai): 3,530-3,560 yuan ($504-508) per tonne, up 80 yuan per tonne 
Northern China (Beijing): 3,400-3,430 yuan per tonne, up 70-80 yuan per tonne
 
Demand at construction sites continues to increase, with more workers gradually returning to work.

A major rebar trader...

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