CHINA REBAR: Falling market inventory levels boost prices

China's domestic rebar prices increased on Thursday March 18 on falling spot inventory levels and a slight pick-up in demand following early-hour gains in the futures market.

Domestic
Eastern China (Shanghai): 4,700-4,720 yuan ($724-727) per tonne, up 20 yuan per tonne
Recovering end-user demand has resulted in Inventory levels in the spot market declining gradually this week, sources said.

Mills' deliveries to the spot market had been affected by adverse weather conditions and...

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