Eastern China's rebar prices were largely steady on Tuesday July 9 while those in the north dipped, with a withdrawal of securities traders from the spot market resulting in a thinning of trading activity.
Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($578-581) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Beijing): 3,880-3,910 yuan per tonne, down 20-30 yuan per tonneDespite some gains in the futures market, there were no clear price trends during the day, with most spot deals involving end users.A Shanghai-based trader said that most securities companies considered spot materials too costly now. As...