China’s domestic rebar prices held steady on Tuesday September 17 amid falling futures and an inactive market.
Eastern China (Shanghai): 3,720-3,750 yuan ($526-530) per tonne, unchanged
Northern China (Beijing): 3,640-3,670 yuan per tonne, unchanged
Sellers kept their prices flat to wait for more changes in the futures market, sources said.
Market participants did not see a clear trend in the futures market, and as such, refrained from trading actively in the spot market, a trader in Shanghai said.
Fastmarkets’ steel reinforcing bar (rebar)…