China's rebar prices were unchanged on Wednesday January 23 in both the domestic and export markets amid uncertainties due to conflicting signals from movements for billet and steel futures.
Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($543-549) per tonne, unchanged Northern China (Beijing): 3,670-3,700 yuan per tonne, unchangedThe price of billet fell late on Tuesday on weak demand, but rebar futures picked up slightly on Wednesday.The mixed signals led sellers to keep their offers flat and buyers to continue cutting their procurement rates.Some end users have started their Chinese...