China's domestic rebar market maintained its downward trend on Wednesday November 14 despite rising futures.
Domestic Eastern China (Shanghai): 4,390-4,430 yuan ($631-637) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 4,180-4,230 yuan per tonne, down 70 yuan per tonneAmid deteriorating air quality in northern China over the past couple of days, a few steel mills in the region have been instructed to idle some of their equipment such as blast furnaces, according to a local industry information provider.The...