CHINA REBAR: Domestic prices stop rising on bearish sentiment

China's domestic rebar prices halted their upward trend on Tuesday December 29 on market participants' pessimistic outlook for end user demand, Fastmarkets heard.

Domestic
Eastern China (Shanghai): 4,430-4,450 yuan ($678-681) per tonne, unchanged
Adverse weather led to weak rebar demand at construction sites and disturbed truck transportation, sources said.

The rain and low temperature will continue for another two or three days so rebar prices will remain under pressure,...

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