Rebar futures in China picked up on Monday July 15 following the release of the latest economic growth data, though spot prices for the long steel product softened amid selling pressure.
Domestic Eastern China (Shanghai): 3,970-3,990 yuan ($577-580) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,870-3,900 yuan per tonne, down 10 yuan per tonneChina's gross domestic product grew by 6.3% in the first half of this year, according to the National Bureau of Statistics.Analysts said this boosted sentiment in the rebar futures market during the day.But spot prices fell as a...