China's rebar prices increased on Monday February 11 in both the domestic and export markets amid higher billet and futures prices.
Domestic Eastern China (Shanghai): 3,830-3,880 yuan ($568-575) per tonne, up 120-130 yuan per tonneNorthern China (Beijing): 3,800-3,830 yuan per tonne, up 90-100 yuan per tonneBillet prices rose after futures opened higher, leading to bullish sentiment in the spot market.Trading was not very active, however, because many end users have yet to return from the Lunar New Year holiday, market participants said. Moreover, buyers were...