China's domestic rebar prices dropped on Wednesday January 3 amid sparse trading.
Domestic Eastern China (Shanghai): 4,250-4,300 yuan ($654-662) per tonne, down 30 yuan per tonneNorthern China (Beijing): 4,010-4,040 yuan per tonne, down 10 yuan per tonneBuyers slowed down on their procurement during the day on seeing the weakness in the futures market. The drop in demand in turn...