Eastern China (Shanghai): 4,040-4,080 yuan ($584-590) per tonne, up 40 yuan per tonne
Northern China (Beijing): 3,950-4,000 yuan per tonne, narrowed up 10 yuan per tonne
Rebar futures increased steadily during the course of the day, leading to bullish sentiment among spot market sellers, who raised prices.
Buyers, however, didn’t show strong demand for the product.
End-market demand is likely to decrease from late May as the temperature warms up and...