China's domestic rebar prices were flat on Thursday June 11 amid inactivity, but high production rates have raised concerns over a possible downside for the market over the next week.
Domestic
Eastern China (Shanghai): 3,590-3,620 yuan ($508-512) per tonne, unchanged
Bad weather kept demand for rebar weak but sellers maintained their prices amid rising futures.
Market participants think rebar prices could drop soon due to high production rates amid since "demand is not strong enough."
Some 3.99 million tonnes of rebar were produced in the week to Thursday, up by...