China's domestic rebar prices increased on Monday July 5 amid higher trading activity and stronger futures prices.
Domestic
Eastern China (Shanghai): 4,870-4,900 yuan ($754-759) per tonne, up by 40 yuan per tonne
Market participants expect steel production to drop in the second half of this year to meet a target set late last year by the Chinese Ministry of Industry & Information Technology (MIIT).
The MIIT said at the time that China's steel production in...