Eastern China (Shanghai)
: 4,000-4,050 yuan ($604-611) per tonne, unchanged
Northern China (Beijing)
: 3,940-3,990 yuan per tonne, unchanged
With no official statement regarding production cuts in China’s steelmaking hub of Tangshan
released as yet, the rebar market calmed and traders kept their offers unchanged from Tuesday.
Buyers cut their procurement rates while they wait to see...