China's domestic rebar prices were unchanged on Wednesday August 7 amid a fluctuating futures market clouded by a lot of pessimism generated by trade tensions between the country and the United States.
Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($536-540) per tonne, unchangedNorthern China (Beijing): 3,730-3,760 yuan per tonne, unchangedEarly gains in the futures market led some buyers to raise their procurement rates, but traders kept prices flat in an attempt to generate more sales. But demand from the construction sector remained subdued, which made it hard to sustain...