China's rebar prices dropped in both the domestic and the export markets on Friday November 30, amid low trading activity.
Domestic Eastern China (Shanghai): 3,800-3,830 yuan ($547-551) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,520-3,550 yuan per tonne, down 10 yuan per tonneLow rebar futures prices led to little buying interest in the domestic market, pushing down prices. Stockists stopped replenishing inventories after they raised their procurement rates mid-week. With sufficient stock of rebar in hand,...