China's domestic rebar prices continued to decline on Wednesday June 27 on weak futures and thin trading.
Domestic Eastern China (Shanghai): 3,950-3,990 yuan ($601-607) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,840-3,880 yuan per tonne, down 10-20 yuan per tonne Rebar futures dropped soon after the benchmark contract opened at a high 3,705 yuan per tonne, resulting in most participants in the spot market taking a wait-and-see approach. Due to weak demand in the construction sector, buyers have decided to wait...