China's domestic rebar prices dropped on Monday November 5, with market participants taking a pessimistic view on demand and supply.
Domestic Eastern China (Shanghai): 4,630-4,660 yuan ($672-676) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 4,450-4,480 yuan per tonne, down 10-20 yuan per tonneSpot rebar prices fell on Monday amid early-hours losses in the futures market and a drop in billet prices over the weekend. Demand in northern China has gradually declined due to the impact of...