April 28, 2021 / www.metalbulletin.com / Article Link
China's domestic rebar prices stopped rising on Tuesday April 27 because buying interest dropped after Monday's price hike, sources told Fastmarkets.
Domestic Eastern China (Shanghai): 5,200-5,230 yuan ($802-806) per tonne, unchanged End users felt it was difficult to keep high procurement rates at their current prices and they bid lower, a trader in Shanghai said.