China's domestic rebar market continued to push upward on Tuesday August 24, but the higher prices are weighing on buying interest.
Domestic
Eastern China (Shanghai): 5,200-5,230 yuan ($802-807) per tonne, up by 60-70 yuan per tonne
Spot prices rode the surge in the rebar futures market during the day, though this resulted in a slight drop in demand, sources said.
Trading companies that actively...