Sparse trading kept China's domestic rebar prices unchanged on Tuesday January 22.
Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($544-550) per tonne, unchangedNorthern China (Beijing): 3,670-3,700 yuan per tonne, unchangedRebar futures dropped sharply after rising to a high of 3,700 yuan per tonne in the morning. Sellers in the spot market took the movement as a sign that traders in the futures market are not too bullish, so they kept their prices unchanged.Buyers continued to procure materials in...