China's domestic rebar prices remained unchanged on Friday January 4, but export prices dropped further due to softening demand.
Domestic Eastern China (Shanghai): 3,700-3,750 yuan ($538-545) per tonne, unchanged Northern China (Beijing): 3,600-3,650 yuan per tonne, unchangedTraders in the spot market kept their prices flat, although futures and billet prices both increased because demand is weak. Rebar demand will be dropping gradually in the weeks up to and during the Chinese New Year celebrations, which start on February 5 - when buyers and sellers typically...