China's domestic and export prices for rebar rebounded on Thursday April 11 amid declining inventory levels in the spot market.
Domestic Eastern China (Shanghai): 4,030-4,080 yuan ($600-607) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,970-4,010 yuan per tonne, up 30 yuan per tonneThere were 7.67 million tonnes of rebar in the spot market on Thursday, down 510,000 tonnes from a week earlier, according to a local industry information provider.A few major rebar producers such as Shagang also raised their rebar list prices for the...