China's domestic rebar prices maintained their downward trend on Wednesday April 24 as buyers lowered procurement rates.
Domestic Eastern China (Shanghai): 4,050-4,100 yuan ($604-610) per tonne, down 20-30 yuan per tonne Northern China (Beijing): 3,950-4,000 yuan per tonne, down 40-50 yuan per tonneRebar futures dropped further on Wednesday amid lower buying interest in the spot market, sources said. Many buyers postponed bookings as they waited for prices to fall further, a trader in Shanghai said.Bad weather...