Eastern China (Shanghai): 3,810-3,850 yuan ($568-574) per tonne, unchanged
Northern China (Beijing): 3,790-3,830 yuan per tonne, unchanged
Rebar futures were lower than Wednesday’s settlement price of 3,817 yuan per tonne during most of the day’s trading hours, which weighed on trading activity in the spot market.
Bad weather in eastern China also slow down buyers’ procurement rates.
But sellers kept prices flat on a strengthening billet market and declining inventory levels.
There were 9.73 million tonnes of rebar in China’s spot market on...