China's domestic rebar prices were flat on Tuesday October 23, with trading activity dipping below that seen a day earlier.
Domestic Eastern China (Shanghai): 4,620-4,650 yuan ($666-670) per tonne, unchangedNorthern China (Beijing): 4,370-4,400 yuan per tonne, unchangedRebar futures fluctuated rapidly during the day before ending it with a slight drop, which sapped buying interest in the spot market.Traders kept their prices flat to see if the futures market would recover over the next few days.Market participants are expecting demand from the construction sector to remain stable over the next few weeks due to companies rushing to complete their...