China's domestic rebar prices moved down further on Monday January 15 on weak demand and losses in the billet market over the weekend.
Domestic Eastern China (Shanghai): 3,720-3,760 yuan ($576-582) per tonne, down 60-70 yuan per tonne Northern China (Beijing): 3,750-3,780 yuan per tonne, down 90-100 yuan per tonne Weak demand in both east and north China continued to weigh on rebar prices. Meanwhile, the price of billet fell 120 yuan per tonne over...