Prices for Chinese rebar increased sharply on Monday July 1 in both the domestic and export markets following signs of an improvement in trade relations between China and the United States over the weekend.
Domestic Eastern China (Shanghai): 4,030-4,070 yuan ($587-593) per tonne, up 70 yuan per tonneNorthern China (Beijing): 3,950-3,990 yuan per tonne, up 100-110 yuan per tonneUS President Donald Trump said the North American country would not impose additional tariffs on Chinese goods after a meeting with his Chinese counterpart Xi Jinping at the sidelines of the Group of 20 (G20) summit in Osaka, Japan attended...