China's domestic rebar prices picked up some upward momentum on Thursday February 1 amid gains in the billet and futures markets.
Domestic Eastern China (Shanghai): 3,830-3,890 yuan ($608-618) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,900-3,950 yuan per tonne, widened upward by 10 yuan per tonneGains in the futures market in the first couple of hours of trading and an increase in the price of billet encouraged...