DAILY: China's spot rebar prices, sales hold largely stable

China's spot rebar market held largely steady on June 15, with an upbeat market sentiment slightly raising prices, though it failed to stimulate trading for this long steel product on the same day as actual downstream demand stayed subdued.

Major Chinese ferrous futures witnessed mild gains yesterday amid strengthening cost-side support following the quick materialization of the seventh round of met coke price hikes, according to market sources. The main coke September contract on the Dalian Commodity Exchange gained 1.21% in the daytime trading session on Monday, while the