Eastern China (Shanghai):
3,710-3,740 yuan ($557-562) per tonne, up by 10 yuan per tonne
End users purchased cargoes at a steady pace in the past four days of this week, which drew down inventory levels.
China’s spot rebar market had 7.3 million tonnes of the product on Thursday, down by 472,000 tonnes from a weekly earlier. Mills’ stock levels have also fallen by...