China's domestic rebar prices dropped on Tuesday March 9 due to trading houses' demand for destocking and the futures' price loss, sources said.
Domestic
Eastern China (Shanghai): 4,700-4,720 yuan ($721-724) per tonne, down by 40 yuan per tonne
Sales volume did not climb up too much in early March, compared to late February, due to the frequent price changes and the bad weather so trading houses' rebar inventory increased gradually, sources said.
One trader in...