China's domestic rebar prices charted a strong rebound on Monday January 22 on big gains in the billet market over the weekend.
Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($609-617) per tonne, up 100 yuan per tonne Northern China (Beijing): 4,000-4,030 yuan per tonne, up 180 yuan per tonne The price of billet rose 50 yuan per tonne during the weekend on active trading, which sparked bullish sentiment in the rebar market. The sharp price increase stimulated buying interest...