China's domestic rebar prices kept their downward trend on Tuesday November 6 following the sharp decrease in futures.
Domestic Eastern China (Shanghai): 4,590-4,640 yuan ($663-671) per tonne, down 20-40 yuan per tonneNorthern China (Beijing): 4,420-4,460 yuan per tonne, down 20-30 yuan per tonneRebar futures dropped sharply in early trading hours on Tuesday after the steelmaking hub of Tangshan released a "smaller-than-expected" winter steel capacity cut number late on Monday. The decrease in futures prices led to reduced trading activity as buyers waited for...