China's domestic rebar prices were unchanged on Thursday October 24 , although market participants told Fastmarkets they expected prices to start dropping amid weakening demand despite data showing a sharp decrease in inventory levels.
Eastern China (Shanghai): 3,580-3,610 yuan ($507-511) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedSpot market inventories totaled 4 million tonnes in major cities on Thursday, down 300,000 tonnes from a week ago, according to a local industry information provider. Futures rose to a high of 3,327 yuan...