Eastern China (Shanghai): 3,750-3,800 yuan ($559-566) per tonne, up 30-40 yuan per tonne
Northern China (Beijing): 3,740-3,770 yuan per tonne, up 10-20 yuan per tonne
Billet prices moved up over the weekend on stronger demand, leading to high rebar prices.
Rebar futures opened at a high price in the morning on the billet gains, but dropped soon after, with buyers on interested in purchasing limited tonnages on seeing the weak futures market, sources said.
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