CHINA REBAR: Prices maintain uptrend on strong demand

China's domestic rebar market maintained its upward momentum on Tuesday November 10 on good demand and falling inventories.

Domestic
Eastern China (Shanghai): 4,060-4,090 yuan ($614-619) per tonne, up by 30 yuan per tonne
Demand from the construction sector remained strong during the day, which pushed up rebar prices further.

The daily transactions averaged 262,000 tonnes in the first 10 days of November, up by 28,000 tonne per day from 244,000 tonnes per day in October, an...

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