China's domestic rebar prices were flat on Monday February 18 on weak demand despite the futures market bouncing back.
Domestic Eastern China (Shanghai): 3,700-3,750 yuan ($546-553) per tonne, unchanged Northern China (Beijing): 3,790-3,830 yuan per tonne, unchangedDemand from the construction sector was soft due to bad weather. A weakening of the billet market also put pressure on rebar prices, which failed to pick up despite rising futures.Market participants mostly took a wait-and-see approach, which kept trading activity...