China's domestic rebar prices decreased further on Wednesday March 7 amid weakening futures.
Domestic Eastern China (Shanghai): 3,920-3,980 yuan ($619-629) per tonne, narrowed downward by 20 yuan per tonneNorthern China (Beijing): 4,000-4,030 yuan per tonne, down 30 yuan per tonneRebar futures started dropping as soon as the morning trading session began, which led to bearish sentiment spreading in the spot market.Trading activity was low in most markets,...