China's domestic rebar prices were unchanged on Monday April 27 amid steady demand, although the futures market experienced a decline.
Domestic
Eastern China (Shanghai): 3,420-3,450 yuan ($483-487) per tonne, unchanged
Buyers raised their procurement rates during the day to stock up ahead of the May 1-5 Labor Day break in the country.
The steady demand kept sellers from lowering prices despite falling futures, market participants said.
A trader in eastern China said he was expecting sales volumes to remain...