China's domestic rebar prices edged up further on Wednesday February 7 despite softening demand.
Domestic Eastern China (Shanghai): 3,890-3,940 yuan ($619-627) per tonne, narrowed upward by 10 yuan per tonneNorthern China (Beijing): 3,950-3,990 yuan per tonne, up 10 yuan per tonneTraders kept raising their offers bit by bit during the day gauge how much higher buyers were willing to pay. Very few buyers placed bookings, and even then, they involved small tonnages, market sources said.Major billet producers have agreed among themselves to...