Rebar prices in eastern China surged further on Tuesday April 9 on an optimistic outlook among sellers for demand to strengthen over the rest of this month.
Domestic Eastern China (Shanghai): 4,070-4,100 yuan ($606-610) per tonne, up 70-90 yuan per tonneNorthern China (Beijing): 3,960-3,990 yuan per tonne, up 10 yuan per tonneEnd-user demand for rebar has been strong since mid-March and is expected to pick up gradually over the remainder of April, sources in eastern China said. Sellers raised prices on the optimism.Their counterparts...