And Metal Bulletin's iron ore index tumbling below $70 per tonne cfr China
also made customers cautious.
Besides that, buying activity in most of the markets was reduced this week due to the approaching Easter holidays.
Meanwhile, in Turkey customers showed little interest in scrap and billet purchases ahead of the Sunday April 16 vote to amend the constitution and create a presidential system of government on Sunday April 16.
Tangshan billet prices started last week with a 30 yuan ($4.30) per tonne recovery on Monday
, reaching 2,980 yuan ($432) per tonne after a decrease of 80 yuan ($11.60) per tonne on Friday afternoon.
By late Wednesday the price, however, dropped to 2,850 yuan ($413) per tonne.
The drop in spot rebar prices caused by the weak demand and pressure from inventories in...