China's domestic rebar prices were unchanged on Monday October 21 despite falling futures, with steady demand providing some stability to the market.
Eastern China (Shanghai): 3,580-3,610 yuan ($506-510) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedOctober's mild weather makes it a seasonally strong month for the rebar market when it comes to demand. The return of buying activity, particularly after a week-long holiday at the start of the month, kept prices from falling during the day.The downtrend in the futures market persisted amid a bearish outlook for rebar...