China's domestic rebar prices edged up further on Thursday November 7 on declining inventory levels, though the futures market registered a drop on a pessimistic outlook.
Eastern China (Shanghai): 3,730-3,760 yuan ($532-536) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,650-3,670 yuan per tonne, up 10 yuan per tonnesRebar inventory levels in the spot markets of major Chinese cities were at 3.43 million tonnes on Thursday, down 290,000 tonnes from a week earlier, according to a local industry information provider.The lower stock levels provided support to...