China's domestic traders kept prices for rebar unchanged on Wednesday April 29 despite rising futures in an attempt to generate more sales.
Domestic
Eastern China (Shanghai): 3,400-3,430 yuan ($481-485) per tonne, unchanged
Rebar futures picked up during the day, but traders in the spot market refrained from raising prices in the hope of drawing down their stock levels more ahead of the May 1-5 Labor Day break, sources said.
They expect...