China's domestic rebar prices maintained their downward trend on Friday February 15 amid little market activity.
Domestic Eastern China (Shanghai): 3,700-3,750 yuan ($546-554) per tonne, down 30-50 yuan per tonneNorthern China (Beijing): 3,790-3,830 yuan per tonne, widened down 10 yuan per tonneLosses in the futures market led to bearish sentiment on the spot market. Buyers cut procurement rates, weighing on prices.Meanwhile, bad weather conditions put further pressure on rebar demand and prices, a trader in eastern China said.Rebar prices in...