China's domestic rebar prices were flat on Thursday April 2, amid rising futures and a tumbling billet market.
Eastern China (Shanghai): 3,390-3,420 yuan ($478-482) per tonne, unchanged
Northern China (Beijing): 3,330-3,370 yuan per tonne, unchanged
Rebar prices dropped in the early hours after the billet market tumbled late on Wednesday.
But prices recovered in the afternoon on higher sales volume following gains in the futures market.
The publication of data showing a...