China's domestic rebar prices increased on Monday October 22, tracking the strength seen in the futures market.
Domestic Eastern China (Shanghai): 4,620-4,650 yuan ($667-671) per tonne, up 70-80 yuan per tonneNorthern China (Beijing): 4,370-4,400 yuan per tonne, up 30-40 yuan per tonneThe benchmark Shanghai Composite Index surged on Monday after senior Chinese government officials talked up the prospects for country's struggling economy and financial markets over the weekend, with investors responding positively to the comments.The futures market tracked the stronger performance seen in the...