China's domestic and export prices for rebar continued to trend downward on Friday March 9 amid big losses in the futures market.
Domestic Eastern China (Shanghai): 3,800-3,860 yuan ($600-609) per tonne, down 30-40 yuan per tonne Northern China (Beijing): 3,880-3,910 yuan per tonne, down 70-80 yuan per tonne Rebar futures decreased sharply on Friday, which led to sentiment in the spot market deteriorating.A weakening billet market added to the pressure on rebar prices, sources said. Spot prices for rebar in east China are 240-260 yuan per tonne lower in comparison with last Friday while those in north China are down 220...