China's domestic rebar prices dropped slightly on Tuesday December 18 amid weak demand.
Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($548-554) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,570-3,600 yuan per tonne, down 10 yuan per tonneRebar futures were lower than Monday's settlement price of 3,437 yuan per tonne throughout the day on Tuesday, which kept buying interest low in the spot market.The weak demand led traders to lower their prices. They expect the...