The fall in prices for rebar in China has been stopped

The downward trend in domestic rebar prices in China was halted by increased trading activity on Tuesday, November 16, sources told Fastmarkets.

East China (Shanghai): 4,700–4,730 yuan (US $ 737–742) per tonne unchanged. According to sources,
Buyers raised their purchasing rates on Tuesday morning in response to the rise in futures contracts, which halted the decline in prices in the spot market.
The most traded January rebar futures contract on the Shanghai Futures Exchange reached RMB 4,285 per tonne.