The mid-week recovery in China's domestic rebar market turned out to be short-lived with prices dipping on Thursday July 5 after futures fell during the early trading hours.
Domestic Eastern China (Shanghai): 3,940-3,980 yuan ($594-600) per tonne, down 10-20 yuan per tonne Northern China (Beijing): 3,870-3,910 yuan per tonne, down 10 yuan per tonne The early-hour losses in the futures market led to a deterioration of sentiment in the spot market. Sellers lowered their offers in response in an attempt to stimulate sales....