China's rebar prices picked up on Monday October 28 in both the domestic and the export markets, but the outlook among futures traders remained pessimistic.
Eastern China (Shanghai): 3,620-3,650 yuan ($513-517) per tonne, up 40 yuan per tonne Northern China (Beijing): 3,580-3,630 yuan per tonne, up 30 yuan per tonneThe spot price rose over the day amid active trading.But participants did not expect prices to continue to rise given high production and weakening demand...