CHINA REBAR: Futures down after economy data released, spot prices up

China's domestic rebar prices increased on Friday April 17 amid strong demand, although futures prices dropped after China's first-quarter economy data was released, Fastmarkets heard.

Eastern China (Shanghai): 3,450-3,480 yuan ($488-492) per tonne, up by 20 yuan per tonne
Northern China (Beijing): 3,450-3,480 yuan per tonne, up by 20 yuan per tonne
China's gross domestic production (GDP) dropped by 6.8% in the first quarter of this year, according to China's National Bureau of Statistics.

China rebar futures dropped following the data publication, after reaching...

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