DAILY: China's spot rebar market leaps amid upbeat sentiment

Buoyed by strong futures rallies, China's spot rebar market jumped on January 7, with both rebar prices and transactions for construction steel items posting significant gains.

On Wednesday, the ferrous futures markets in China strengthened with broad gains led by coking coal and coke, as positive macro signals lifted financial market sentiment and rumors of potential capacity cuts in a major coal-producing hub stoked concerns over a tightening supply of the steelmaking feed material, as