China's rebar prices slid further on Tuesday November 27 amid pessimism over the futures market.
Domestic Eastern China (Shanghai): 3,730-3,780 yuan ($537-544) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,470-3,500 yuan per tonne, down 50-60 yuan per tonneThe price of billet fell sharply amid weak demand, weighing on the rebar market.Rebar sellers lowered their prices to stimulate sales, attempts that appeared to have proven futile, market sources said.Contractors who did...