China's domestic rebar prices held steady on Tuesday August 6, but export prices for the long steel product fell as a result of a weaker yuan.
Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($538-542) per tonne, unchangedNorthern China (Beijing): 3,730-3,760 yuan per tonne, unchangedTraders kept prices flat during the day to see how the futures market develops.Sellers would not have been able to stimulate sales even if they had lowered their prices because buyers were also taking a wait-and-see approach, sources said.Market participants expect the futures market to continue to trend downward over the next few days amid bearish sentiment sparked by...