Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.
Domestic
Eastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonne
Northern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonne
Buyers raised procurement rates on Friday to stock rebar for consumption during the weekend, pushing up prices.
Some...