China's domestic rebar prices stopped rising on Tuesday August 25 amid lower trading activity due to weaker futures.
Domestic
Eastern China (Shanghai): 3,640-3,670 yuan ($526-530) per tonne, unchanged
Buyers cut their procurement rates amid losses in the futures market, which kept sellers from raising prices further.
Several traders reported that their sales volumes had dropped by 40-50% from Monday's levels.
Market participants largely took a wait-and-see approach amid the mixed signals of weakening rebar futures...