China's domestic rebar prices retreated on Friday September 6 due to weaker demand caused by a typhoon on the country's eastern coast.
Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($504-508) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,630-3,660 yuan per tonne, widening downward by 10 per tonneEastern and Southern China experienced heavy rain during the day as a result of Typhoon Lingling making its way northward from the East China Sea to the Yellow Sea. The typhoon is forecast to bring heavy...