China's domestic rebar prices regained upward momentum on Wednesday March 24, due to falling market stocks and a hike in futures values.
Domestic
Eastern China (Shanghai): 4,720-4,740 yuan ($724-727) per tonne, up by 20 yuan per tonne
Trading houses said rebar stocks have been gradually dropping over the past week because of reduced supplies from Tangshan and "not-bad" demand in the mild weather.
Rebar stocks totaled 9.64 million tonnes on March...