China's domestic rebar prices fell to an eight-month low on Wednesday November 10, with the decline coming amid persistently weak demand.
Domestic
Eastern China (Shanghai): 4,640-4,670 yuan ($726-730) per tonne, down by 260-270 yuan per tonne
Prices are now at their lowest since March 12, when they were at 4,700-4,730 yuan per tonne.
The major reason for the sharp decline was bearish sentiment caused by many days of weak demand, market sources said.
The most-traded futures contract...