Eastern China's domestic rebar prices maintained their downward trend on Tuesday May 8 due to softer demand, while in northern China prices were flat in stable trading.
Domestic Eastern China (Shanghai)): 3,980-4,030 yuan ($625-633) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,890-3,940 yuan per tonne, unchangedIn eastern China, demand decreased for a second day because end users continue to have high inventories, market sources said.As a result, traders were forced cut prices to seek higher...