CHINA REBAR: Eastern demand drops further on poor weather

East China's rebar prices dropped on Friday July 2 due to weak demand on poor weather during the day, ending the week 10 yuan per tonne lower than June 25.

Domestic
Eastern China (Shanghai): 4,830-4,860 yuan ($746-750) per tonne, down by 40-50 yuan per tonne
Northern China (Beijing) weekly assessment: 4,780-4,820 yuan per tonne, up by 20-30 yuan per tonne

Heavy rain in large parts of eastern and southern China disturbed construction...

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