China's rebar prices continued to experience sharp falls on Wednesday November 21 in both the domestic and export markets.
Domestic Eastern China (Shanghai): 3,970-4,010 yuan ($572-577) per tonne, down 170-180 yuan per tonneNorthern China (Beijing): 3,800-3,840 yuan per tonne, down 130-140 yuan per tonneThe price of billet plunged by 130 yuan per tonne late on Tuesday followed by another decline of 50 yuan per tonne on Wednesday morning due to weak demand. This exacerbated the bearish sentiment in the rebar...