China's domestic rebar prices picked up some strength on Friday August 30 amid heightened trading activity in response to gains in the futures market.
Domestic Eastern China (Shanghai): 3,540-3,590 yuan ($495-502) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,540-3,560 yuan per tonne, up 10 yuan per tonneTraders raised their prices slightly after rebar futures rose during the day. The rising futures also boosted buying interest, sources said.A trader in Shanghai said his sales volume was 30% higher than on Thursday. Despite the day's increases, rebar prices in eastern China are still down 100-120...