China's domestic rebar prices strengthened on Tuesday October 30 on positive sentiment generated by rising futures.
Domestic Eastern China (Shanghai): 4,670-4,700 yuan ($671-675) per tonne, up 20 yuan per tonneNorthern China (Beijing): 4,450-4,480 yuan per tonne, up 30-40 yuan per tonneThe January rebar contract rose to a high of 4,206 yuan per tonne in the afternoon before retreating afterward, which stimulated trading activity in the spot market.The improved demand led traders to raise their prices. Low inventory levels at traders' warehouses also provided additional...