Demand in the Asian region, which has been largely limited to China in recent months, decreased also due to the weakening futures market.
The most-traded October rebar futures contract closed at 3,805 yuan per tonne on Wednesday
, up by 10 yuan per tonne from a day earlier and down by 27 yuan from 3,832 yuan on the same day last week.
Recent offers to traders for Iranian billet with October shipment were heard at $395-400 per tonne fob Southern Iranian ports, sources said.
One trader reported a booking at $396 per tonne...