Eastern China (Shanghai): 3,700-3,730 yuan ($527-532) per tonne, up 50 yuan per tonne
Northern China (Beijing): 3,630-3,650 yuan per tonne, up 10-20 yuan per tonne
The announcement stimulated China’s stock and futures markets, with a rise in spot rebar prices following close behind, sources said.
The Shanghai Stock Composite closed at 2,808.91 on Wednesday, up 11.66 (or 0.42%) from a day earlier.
The most-traded October rebar contract...