CHINA REBAR: Prices fall further amid high output rates

The downtrend in China's domestic rebar market persisted on Wednesday December 18 due to weak demand caused by bad weather.

Eastern China (Shanghai): 3,800-3,830 yuan ($542-547) per tonne, down 30 yuan per tonne
Northern China (Beijing): 3,490-3,520 yuan per tonne, widened downward by 10 yuan per tonne
Rain in eastern China lowered procurement rates, which weighed on prices for rebar, sources said.

Market participants have become bearish about prices at the...

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