Rebar prices in eastern China continued to weaken on Wednesday October 9 on inactivity and sustained pessimism, while those in the northern region were unchanged on steady demand.
Domestic Eastern China (Shanghai): 3,720-3,750 yuan ($520-525) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,590-3,630 yuan per tonne, unchangedSellers in eastern China lowered their prices to stimulate sales amid a pessimistic outlook for the market for the remainder of the year, with supply from the northern region expected to be high during a period of weakening demand.But those in northern China were able...