China's domestic rebar prices continued to rise on Thursday July 9, albeit with less upward momentum due to high inventory levels in the market.
Domestic
Eastern China (Shanghai): 3,570-3,600 yuan ($509-513) per tonne, up by 10 yuan per tonne
Spot market inventory levels totaled 8.17 million tonnes on Thursday, up by 200,000 tonnes from a week ago, according to a local industry information provider.
The increase put some downward pressure on prices, which resulted in them...