China's domestic rebar prices remained in an upward trend on Friday February 2 amid gains in the billet and futures markets, though trading activity remained thin.
Domestic Eastern China (Shanghai): 3,840-3,900 yuan ($610-619) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,920-3,950 yuan per tonne, narrowed upward by 20 yuan per tonneThe gains in the billet and paper markets pushed up spot rebar prices during the day.But transactions remained thin despite the price increases, with more and more participants exiting the market ahead...