Uncertainties surrounding the trade war between China and the United States sapped trading activity in both the futures and physical markets for Chinese rebar on Monday August 5, resulting in prices falling further.
Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($546-551) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,730-3,760 yuan per tonne, down 20 yuan per tonneSeveral analysts are expecting China's economic growth to be constrained as a result of the trade war. But others are of the opinion that the Chinese government - in order to deter the US from going ahead with its plan to impose a 10% import duty on $300 billion worth...