China's domestic rebar prices moved down on Monday November 12 following the billet market took a tumble over the weekend, which worsened sentiment.
Domestic Eastern China (Shanghai): 4,420-4,460 yuan ($635-641) per tonne, down 60 yuan per tonneNorthern China (Beijing): 4,300-4,450 yuan per tonne, down 50 yuan per tonneThe price of billet in Tangshan plunged 160 yuan per tonne over the weekend - it was at 3,660 yuan per tonne on Sunday - due to weak demand, though it went on to...