CHINA REBAR: Overseas buyers bid low on international billet loss

Rebar importers outside China have been asking lower prices due to the decrease in billet prices in the international market, while China's domestic rebar prices were flat on Friday March 27 amid steady trading.

Eastern China (Shanghai): 3,470-3,500 yuan ($490-495) per tonne, unchanged
Northern China (Beijing): 3,380-3,400 yuan per tonne, unchanged
The weak futures led to lower buying interest in spot market on Friday.
Customers were planning to wait for lower prices next week, so cut their procurement rates today, some traders told Fastmarkets.

Rebar prices in eastern China dropped...

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week