China's domestic rebar prices rose again on Tuesday December 8, finding support from high raw material costs.
Domestic
Eastern China (Shanghai): 4,020-4,060 yuan ($615-621) per tonne, up by 20 yuan per tonne
Prices for iron ore and coke have been on an upward trajectory in the past few weeks, pushing up rebar production costs, market sources told Fastmarkets.
An industry analyst said the cost to produce rebar is around 3,750 yuan per...