Export prices were flat on Friday, but are expected to continue to face downward pressure due to the depreciation of the Chinese yuan against the US dollar. Falling domestic prices also added to the downward pressure.
Eastern China (Shanghai): 4,050-4,090 yuan ($594-600) per tonne, down 10 yuan per tonne
Northern China (Beijing): 3,910-3,960 yuan per tonne, down 20 yuan per tonne
Domestic rebar sellers cut their prices to secure higher sales volumes ahead of...