China's domestic rebar prices were flat on Wednesday October 23 as active selling by stockists offset stronger billet and futures prices.
Eastern China (Shanghai): 3,580-3,610 yuan ($505-510) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedTangshan's billet price picked up by 30 yuan per tonne after local blast furnace operators cut their production by 50% in a move to improve air quality. The cut came into effect at 3pm October 23 and will run through to 12pm October 24.Meanwhile,...