China's rebar prices tumbled on Monday June 17 after the billet market plunged over the weekend.
Domestic Eastern China (Shanghai): 3,820-3,850 yuan ($552-556) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,680-3,730 yuan per tonne, down 100 yuan per tonneRe-rollers stopped production in Tangshan's Fengrun district as instructed by local authorities in an effort to stem emissions, resulting in a drop in demand for billet over the weekend, sources said.The resultant lower prices...