China's rebar prices strengthened on Thursday December 20 following gains in the billet and futures markets.
Domestic Eastern China (Shanghai): 3,800-3,830 yuan ($551-555) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, up 20-30 yuan per tonneImproved demand for billet sent the price of the semi-finished product in Tangshan upward during the day.Rebar futures also rose in the afternoon following the release of data indicating a decline in output. A total of 3.3 million tonnes of rebar were produced in the week to Thursday, down...