China's domestic rebar prices picked up more downward momentum on Tuesday June 26 amid a continual decline in the futures market.
Domestic Eastern China (Shanghai): 3,960-4,000 yuan ($606-612) per tonne, down 70 yuan per tonne Northern China (Beijing): 3,850-3,900 yuan per tonne, down 20 yuan per tonne Rebar futures have been trending downward since last Thursday, which weighed on sentiment in the spot market more and more. Traders made relatively bigger cuts to their offers in an attempt...