China's rebar market was mixed on Tuesday June 5, with domestic prices in the eastern region falling even though those in the north held steady, while export prices posted some gains.
Domestic Eastern China (Shanghai): 3,940-3,970 yuan ($614-619) per tonne, down 10-30 yuan per tonne Northern China (Beijing): 3,880-3,910 yuan per tonne, unchanged In Shanghai, sellers discouraged by early losses in the futures market lowered their prices in the spot market in an attempt to secure more sales.In Beijing, demand for rebar was stable and inventory levels were low, which kept prices flat. Export Metal Bulletin...