Eastern China's rebar prices were flat on Friday August 14 amid stable demand, but market participants are pessimistic about next week's prices due to supply pressures.
Domestic
Eastern China (Shanghai): 3,610-3,640 yuan ($520-524) per tonne, unchanged
Northern China (Beijing) weekly assessment: 3,670-3,700 yuan per tonne, down by 30 yuan per tonne
Demand was stable during the day ahead of the weekend, which kept spot prices flat.
But concerns over high...