Rebar importers outside China have been asking lower prices due to the decrease in billet prices in the international market, while China’s domestic rebar prices were flat on Friday March 27 amid steady trading. Eastern China (Shanghai): 3,470-3,500 yuan ($490-495) per tonne, unchanged Northern China (Beijing): 3,380-3,400 yuan per tonne, unchanged The weak futures led to lower buying interest in spot market on Friday. Customers were planning to wait for lower prices next week, so cut their procurement rates today, some traders told Fastmarkets. Rebar prices in eastern China dropped 30 yuan per tonne from a week earlier, while those in the northern region narrowed downward by 30 yuan per tonne week on week.
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