Weakening demand coupled with declining futures weighed on China's rebar prices on Thursday August 1.
Domestic Eastern China (Shanghai): 3,880-3,920 yuan ($562-568) per tonne, down 20-40 yuan per tonneNorthern China (Beijing): 3,820-3,850 yuan per tonne, widened downward by 10 yuan per tonneRebar demand in the construction sector continued to drop due to bad weather. Rain has been forecast over large parts of northern China for the remainder of this week, while in the...