China's rebar futures increased on Monday February 12 as the country's steel production hub announced more manufacturing restrictions, while spot prices were stable amid sparse trading ahead of the Chinese New Year holiday.
Domestic Eastern China (Shanghai): 3,860-3,920 yuan ($613-623) per tonne, unchanged. Northern China (Beijing): 3,950-3,990 yuan per tonne, unchanged. Ferrous futures jumped by around 30 yuan per tonne during the first hour of trading on news that Hebei's Tangshan...