China's domestic rebar prices held steady on Monday April 29 despite a strengthening of the billet and futures markets ahead of the Labor Day holiday from Wednesday until the end of the week.
Domestic Eastern China (Shanghai): 4,050-4,100 yuan ($602-609) per tonne, unchangedNorthern China (Beijing): 3,950-4,000 yuan per tonne, unchangedRebar futures strengthened during the day after the price of billet increased over the weekend on good demand for the semi-finished product.But these gains failed to give rebar prices an upward boost,...