China's rebar prices regained some strength on Thursday January 10 with market participants becoming less pessimistic.
Domestic Eastern China (Shanghai): 3,750-3,780 yuan ($549-553) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,650-3,690 yuan per tonne, up 10 yuan per tonneReports of new infrastructure projects in the country lifted sentiment among market participants, making them less bearish about prices after the Chinese New Year, sources said.Among them is a plan by Wuhan city in central China to build...