China's rebar prices remained stable on Wednesday January 30 in both the domestic and export markets, while there were significant changes in the futures market.
Domestic Eastern China (Shanghai): 3,710-3,750 yuan ($551-556) per tonne, unchanged Northern China (Beijing): 3,700-3,740 yuan per tonne, unchangedRebar futures rose to a high of 3,767 yuan per tonne soon after opening on Wednesday, up 92 yuan per tonne from Tuesday's closing price. Spot traders, however, did not follow suit because trading activity almost stopped. And rebar futures dropped sharply in the last 30 minutes of trading, which indicated that paper market...