CHINA REBAR: Export prices competitive but bids still far lower

China's domestic rebar market maintained its upward momentum on Thursday December 17, supporting export prices that are still lower than those for products originating in other regions.

Domestic
Eastern China (Shanghai): 4,210 -4,240 yuan ($645-649) per tonne, up by 50 yuan per tonne
Steady purchasing rates among end users and active selling among stockists resulted in rebar inventories falling over the past week.

A local industry information provider reported that China's spot market had 3.72 million...

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