China's domestic rebar prices retreated slightly on Tuesday October 16 on weak demand and losses in the futures market.
Domestic Eastern China (Shanghai): 4,540-4,570 yuan ($656-660) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 4,330-4,370 yuan per tonne, down 10 yuan per tonneRebar demand remained soft on Tuesday, so buyers submitted lower bids than a day earlier.Traders who needed to draw down their inventories made some concessions and lowered their prices in response to the lower bids from buyers.Rebar...