CHINA REBAR: Supervision likely to halt price rises

China's domestic rebar prices halted its upward trend on Friday July 16 due to market participants' concern of price supervision from government offices.

Domestic
Eastern China (Shanghai): 5,200-5,240 yuan ($804-811) per tonne, unchanged
Northern China (Beijing): 5,070-5,120 yuan per tonne, up by 120-130 yuan per tonne

Eastern rebar prices were 180-190 yuan per tonne higher than on July 9, mainly due to price...

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