China's domestic rebar prices lost their upward momentum on Wednesday March 20 amid a drop in trading activity.
Domestic Eastern China (Shanghai): 3,870-3,900 yuan ($576-581) per tonne, unchangedNorthern China (Beijing): 3,850-3,890 yuan per tonne, unchangedRebar futures declined a few minutes after opening in the morning on news that Brazil's Vale - the world's largest iron ore producer - was allowed to resume operations at a 30-million-tonnes-per-year mine, market sources said. This weighed on trading activity in the spot...