China's domestic rebar prices picked up on Thursday July 1 on early gains in the futures market, though market participants have expressed some pessimism following the release of data showing new orders in the construction industry falling in June.
DomesticWhile the purchasing managers' index for business activity in the construction sector in June was unchanged from a month earlier, at 60.1 points, the sub-index for new orders fell by 2.6 points to 51.2 point, according to the...