Eastern China (Shanghai): 3,750-3,800 yuan ($560-567) per tonne, up 10-20 yuan per tonne
Northern China (Beijing): 3,750-3,790 yuan per tonne, up 20 yuan per tonne
An improvement in weather conditions in eastern China has allowed more construction projects to restart work after the Chinese New Year holiday, which resulted in contractors raising their procurement rates.
Rebar futures also posted gains in the morning, which gave support to the spot market, sources said. The most-traded rebar contract, which rose to a high of 3,750 yuan...