China's domestic rebar prices maintained their upward trend on Monday July 26 on replenishment demand from trading houses, but end user demand remained weak, sources told Fastmarkets.
Domestic
Eastern China (Shanghai): 5,340-5,370 yuan ($823-828) per tonne, up by 70-80 yuan per tonne
Trading houses purchased actively on Monday because they expect rebar prices to rise due to likely
production restrictions.
A trader in...