Chinese rebar exporters were more active this week amid an increase in overseas prices that made China-origin cargoes more attractive to potential buyers.
Domestic
Eastern China (Shanghai): 4,200 -4,230 yuan ($642-647) per tonne, up by 130 yuan per tonne
Northern China (Beijing) weekly assessment: 3,840-3,870 yuan per tonne, up by 140 yuan per tonne
The May rebar contract on the Shanghai Futures Exchange reached a high of 4,237 yuan per tonne in the first hour of trading on Friday, marking an increase of 197 yuan per tonne from Thursday's closing price.
The strength in futures filtered through to the spot market, causing eastern Chinese prices to rise by 230 yuan per...