Rebar prices continued to rise in north China on Wednesday October 31, while those in the eastern region held steady amid ongoing transportation restrictions ahead of a major event in Shanghai.
Domestic Eastern China (Shanghai): 4,670-4,700 yuan ($670-675) per tonne, unchangedNorthern China (Beijing): 4,480-4,520 yuan per tonne, up 30-40 yuan per tonneTrading activity was high in the northern region with contractors rushing to complete their projects amid an outlook of softer housing prices. The weather in the region has been mild, which is favorable for construction works, market sources said.The good demand pushed up spot prices for the long steel product in Beijing as a result. Cities in east China, apart from Shanghai, also witnessed a rise...