China's domestic and export prices for rebar fell on Tuesday May 22 on weakening futures.
Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($611-618) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,880-3,900 yuan per tonne, down 10-20 yuan per tonneThe continual drop in the futures market over the past few days put pressure on spot rebar prices. In east China, prices experienced a relatively bigger drop, which improved procurement rates among end-users who needed to replenish their inventories.In north...