China's rebar prices were unchanged on Wednesday June 26 amid softer spot demand and a slight rise in the futures market.
Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($567-574) per tonne, unchangedNorthern China (Beijing): 3,770-3,800 yuan per tonne, unchangedRebar futures edged up during the day but failed to push up spot prices.Continual rain in eastern China this week dampened end-user demand, sources said.Demand is expected to remain subdued, or even soften further, with rain forecast for the region for the next few weeks. Demand...