China's domestic rebar prices dropped slightly on Wednesday January 9 on softening winter demand.
Domestic Eastern China (Shanghai): 3,720-3,760 yuan ($543-548) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,640-3,680 yuan per tonne, widened down 10 yuan per tonneRebar traders cut prices slightly amid continued weakness in demand even though both billet and futures prices ticked higher.End users continued to cut their procurement rates due to the...