China's domestic rebar market resumed its downtrend on Wednesday November 17 on lower procurement rates among buyers.
Domestic
Eastern China (Shanghai): 4,660-4,690 yuan ($729-734) per tonne, down by 40 yuan per tonne
Buyers sought to buy at lower prices amid falling raw materials prices, which suggest a recovery in mills' profits.
For instance, Fastmarkets' index for iron ore 62% Fe fines,...