China's domestic rebar prices saw small increases on Tuesday October 9 on higher futures and gains in the billet market.
Domestic Eastern China (Shanghai): 4,530-4,570 yuan ($655-661) per tonne, up 10 yuan per tonneNorthern China (Beijing): 4,330-4,370 yuan per tonne, up 10 yuan per tonneBillet prices increased on good demand and futures moved up steadily today, leading to bullish sentiment in the spot rebar market.Trading activity was higher than on Monday, causing traders to slightly raise their prices, market...