China's domestic rebar prices remained unchanged on Monday July 9 although futures picked up some strength after the weekend.
Domestic Eastern China (Shanghai): 3,940-3,980 yuan ($593-599) per tonne, unchanged Northern China (Beijing): 3,870-3,910 yuan per tonne, unchanged Rebar futures posted solid gains during the day, which stimulated buying interest in the spot market.Buyers who had not been procuring materials in the past few days stepped up on buying, sources said.But sellers kept their offers steady in an attempt to secure more...