China's domestic rebar prices were flat on Tuesday May 12 with most market participants taking a wait-and-see approach.
Domestic
Eastern China (Shanghai): 3,480-3,510 yuan ($491-495) per tonne, unchanged
Monday's price drop after last week's increases led many market participants to suspend trading to wait for further cues to emerge.
The lower trading activity kept spot prices steady despite a strengthening of the futures market during the day, sources said.
Export