China's rebar prices were unchanged on Thursday May 30 despite declining futures, with the stability cutting mills' need to look to the export market.
Domestic Eastern China (Shanghai): 3,990-4,030 yuan ($577-583) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,920-3,960 yuan per tonne, narrowed down 10 yuan per tonneBuyers procured at steady rates in the morning before rebar futures fell, which kept spot prices flat.They stopped buying in the afternoon, but traders kept...