China's domestic rebar prices under pressure

China's domestic rebar prices declined on Friday November 5, with market participants expecting the downward trend to continue amid weakening end-user demand.

Domestic
Eastern China (Shanghai): 4,880-4,910 yuan ($762-767) per tonne, down by 20 yuan per tonne
Northern China (Beijing) weekly assessment: 4,780-4,820 yuan per tonne, down by 360-370 yuan per tonne

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