Chinese domestic rebar prices rose on Wednesday May 22, but participants voiced concerns that a seasonal drop in demand may soon push down prices.
Domestic Eastern China (Shanghai): 4,070-4,100 yuan ($592-597) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,970-4,020 yuan per tonne, up 20 yuan per tonneRebar futures ran above Tuesday's settlement price of 3,845 yuan per tonne throughout the entire trading session on Wednesday, pushing up spot rebar prices.High billet prices provided additional support to rebar...