China's rebar export prices decreased on Monday May 20 on the depreciation of the yuan, while domestic prices moved down on softer demand.
Domestic Eastern China (Shanghai): 4,000-4,040 yuan ($578-584) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,940-4,000 yuan per tonne, down 20 yuan per tonneRebar futures fluctuated wildly over the day, which pushed down buying interest.Customers preferred to wait for a clearer price trend to emerge before booking, market sources said.Sources expected stockists to cut prices further in the coming few days to...