CHINA REBAR: Call to resume production lifts sentiment

China's domestic rebar prices held steady on Wednesday February 12 amid weak demand, though optimism emerged following a call by the country's Ministry of Industry & Information Technology for enterprises to resume production gradually.

Eastern China (Shanghai): 3,380-3,420 yuan ($485-490) per tonne, unchanged
Northern China (Beijing): 3,440-3,460 yuan per tonne, unchanged
A trader in eastern China said that if more companies returned to work, economic activity would pick up, which would be good for futures trading.

If the futures market...

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