China's domestic prices for rebar held steady on Wednesday January 10 on weak demand despite gains in the futures market.
Domestic Eastern China (Shanghai): 3,830-3,920 yuan ($587-601) per tonne, unchanged Northern China (Beijing): 3,870-3,900 yuan per tonne, unchanged Low temperatures in Shanghai and Beijing resulted in inactivity in the markets.As such, sellers were unable to raise prices even though both rebar futures and the billet market picked...