Eastern China (Shanghai): 3,710-3,750 yuan ($551-556) per tonne, unchanged
Northern China (Beijing): 3,700-3,740 yuan per tonne, unchanged
Rebar 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...