CHINA REBAR: Domestic prices flat amid weakening demand

China's domestic rebar prices were stable on Tuesday January 7 despite a pick-up in the futures market, with downstream demand remaining soft.

Eastern China (Shanghai): 3,680-3,710 yuan ($528-532) per tonne, unchanged
Northern China (Beijing): 3,540-3,570 yuan per tonne, unchanged
End users are gradually reducing their procurement rates with ahead of the Chinese New Year in late January.

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