China's domestic rebar prices stopped rising on Tuesday January 5 on expectations of a drop in demand.
Domestic
Eastern China (Shanghai): 4,510-4,530 yuan ($697-700) per tonne, unchanged
End-user demand for rebar is decreasing gradually due to falling temperatures, which halted the upward trend in the spot market, though futures edged up during the day.
Restocking demand was absent from the market, with buyers awaiting lower prices.
Steel mills are keeping their production...