CHINA REBAR: Domestic prices down amid rising spot inventories

China's domestic rebar prices moved down slightly on Thursday January 2 amid pressure from increased availability of material in the spot market.

Eastern China (Shanghai): 3,700-3,740 yuan ($531-537) per tonne, narrowed downward by 10 yuan per tonne
Northern China (Beijing): 3,530-3,550 yuan per tonne, down 20 yuan per tonne

Rebar stocks in major spot markets totaled 3.57 million tonnes on Thursday, up by 412,000 tonnes from a week earlier,...

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