News Snapshot:
Home CHINA REBAR: Market bullish after release of positive economic data China’s domestic and export prices for rebar moved up on Monday August 3 amid rising futures stimulated by the release of positive economic data. Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($522-526) per tonne, up by 40 yuan per tonne China’s manufacturing purchasing managers’ index was 51.1 points for July, up by 0.2 points from June, according to the National Bureau of Statistics. This is the fifth month that the index has been above 50%, which indicates growth in the sector. It also shows that...
