China's domestic rebar market lost its upward momentum on Tuesday September 11 after futures plunged.
Domestic Eastern China (Shanghai): 4,530-4,560 yuan ($660-665) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 4,380-4,410 yuan per tonne, down 20 yuan per tonneOn Tuesday, word had circulated in the market that the Chinese Ministry of Ecology & Environment would either not implement - or relax - measures that would restrict steel production in north China during the winter heating season this year, market sources told...