CHINA REBAR: Prices rise on production cut concerns

China's domestic rebar market ended the week with increased prices in both eastern and northern regions, though prices were stable on Friday July 9.

Domestic
Eastern China (Shanghai): 5,020-5,050 yuan ($775-780) per tonne, unchanged
Northern China (Beijing) weekly assessment: 4,950-4,990 yuan per tonne, up by 170 yuan per tonne

Eastern rebar prices halted their rise on Friday due to weak demand but prices were 190 yuan per tonne higher than July 2, due to the...

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