China's rebar prices were unchanged on Friday February 1 with both the domestic and export markets at a virtual standstill due to next week's Chinese New Year holiday.
Domestic Eastern China (Shanghai): 3,710-3,750 yuan ($553-559) per tonne, unchangedNorthern China (Beijing): 3,700-3,740 yuan per tonne, unchangedVery few sellers were still offering materials during the day, and only transactions involving small quantities were concluded. Futures rose in the last hour of trading, but failed to push up spot rebar prices due...