China's domestic rebar prices remained on a downward trajectory on Thursday November 8 due to continued soft demand.
Domestic Eastern China (Shanghai): 4,480-4,520 yuan ($647-653) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 4,350-4,400 yuan per tonne, down 20-30 yuan per tonneFutures dropped steadily in morning trade, leading to weak buying interest in the spot market. Sellers cut prices to attract buyers, but failed to achieve higher sales volumes, market sources said. ExportMB fob China Rebar Index: $575 per tonne, unchangedOffers of rebar were at...