China's domestic rebar prices moved down further on Monday June 25 following a weakening of the billet and futures markets.
Domestic Eastern China (Shanghai): 4,030-4,070 yuan ($619-626) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,870-3,920 yuan per tonne, down 10 yuan per tonne Billet prices dropped sharply over the weekend due to soft demand. Rebar futures also continued last Friday's downward trend during the day. These two factors worsened sentiment in the spot...