China's rebar market maintained its upward momentum on Friday June 28 amid rising futures, though spot demand fell gradually.
Domestic Eastern China (Shanghai): 3,960-4,000 yuan ($577-583) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,850-3,880 yuan per tonne, up 40-50 yuan per tonneRebar futures rose during the day with traders engaging in speculation amid bullish sentiment attributed to production curbs in Tangshan that are in place until the end of July, sources said.Traders in the spot market followed suit...