Domestic prices for rebar in eastern China dipped on Monday May 13 amid high selling interest among stockists.
Domestic Eastern China (Shanghai): 4,040-4,080 yuan ($592-597) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,910-3,960 yuan per tonne, unchangedSellers in eastern China lowered their prices slightly to secure more sales in an effort to destock. Many stockists are worried that prices might fall further, resulting in them drawing down their inventories, a trader in Shanghai said.Sellers in northern China kept their prices flat,...