China rebar prices down after unfavorable industry data released

China's domestic rebar prices dropped on Monday November 1 after the release of a lower steel industry purchasing managers' index.

Domestic
Eastern China (Shanghai): 5,120-5,150 yuan ($799-804) per tonne, down by 100 yuan per tonne

The PMI for the steel industry was 38.3 points in October, down by 6.7 points from September, according to the China Federation of Logistics & Purchasing's Steel Logistic Professional Committee.
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