China's domestic rebar prices were flat on Wednesday July 1, with an improvement in the weather spurring increased demand for the long product from the construction sector.
Domestic
Eastern China (Shanghai): 3,510-3,540 yuan ($497-501) per tonne, unchanged
Rains stopped in most regions of China on Wednesday and sales volumes nationwide climbed to 200,000 tonnes, a 30,000-tonne increase from Monday, an industry analyst in Shanghai told Fastmarkets, quoting a local industry information provider.
But market sources...