Domestic rebar prices in eastern China continued to trend downward on Thursday October 17 amid weakening end-user demand.
Domestic Eastern China (Shanghai): 3,620-3,640 yuan ($510-513) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,570-3,600 yuan per tonne, unchangedTrading houses in eastern China were actively selling rebar on expectations that supply in the region would increase in the next month or two. This is due to a seasonal weakening of demand during the cold season.Prices in northern China...