China's domestic rebar prices declined again on Thursday April 12 with sellers attempting to destock to cut their losses.
Domestic Eastern China (Shanghai): 3,630-3,680 yuan ($578-586) per tonne, down 30 yuan per tonne Northern China (Beijing): 3,660-3,690 yuan per tonne, down 40 yuan per tonne Stockists made a bid to get their inventories down before their value decreases further, cutting prices to secure higher sales volumes. The weakness in the futures market in the earlier part of the day also...