China's domestic rebar prices held steady on Monday July 20 despite an increase in demand, with the futures and billet markets weakening during the day.
Domestic
Eastern China (Shanghai): 3,560-3,590 yuan ($509-514) per tonne, unchanged
Rainfall has decline in eastern and southern China in recent days, which resulted in a strengthening of demand for rebar from the construction sector.
But weakening futures and billet markets kept sellers from raising prices.
Sellers are also some pressure to destock. As such, they kept...