China's domestic rebar prices continued to trend downward on Thursday May 10 amid persistently weak demand.
Domestic Eastern China (Shanghai): 3,890-3,940 yuan ($611-619) per tonne, down 60 yuan per tonneNorthern China (Beijing): 3,870-3,920 yuan per tonne, down 10 yuan per tonne Rebar futures were trading below Wednesday's settlement price of 3,596 yuan per tonne for most of the day before charting a recovery in the afternoon. The weakness in the earlier part of the day kept...