China's rebar prices fell in both the domestic and export markets on Monday March 19 amid declining futures and weak demand.
Domestic Eastern China (Shanghai): 3,730-3,800 yuan ($589-600) per tonne, down 50-60 yuan per tonne Northern China (Beijing): 3,870-3,900 yuan per tonne, down 30 yuan per tonne Rebar futures fell sharply in the first few minutes of trading, which led to a deterioration of sentiment in the spot market. Demand also remained soft over the weekend due to bad weather in both the eastern and northern region, which weighed on rebar...