Eastern China (Shanghai): 3,980-4,010 yuan ($579-583) per tonne, up 10 yuan per tonne
Northern China (Beijing): 3,900-3,930 yuan per tonne, up 10 yuan per tonne
Some buyers raised their procurement rates to replenish their inventories on seeing the gains in the futures market.
End users mostly limited their buying, however, sources said.
Stockists were actively selling rebar from their warehouses, which left market participants with the expectation...