Market pessimism weighed on China's rebar prices in both the domestic and the export market on Tuesday December 11.
Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($546-550) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,470-3,500 yuan per tonne, down 30 yuan per tonneBuyers kept procurement rates low amid bad weather, with work suspended at many construction sites in northern China. As winter deepens such stoppages are set to increase, say market participants, leading to increasing quantities of rebar being shipped...