China's domestic rebar prices were stable on Thursday January 3 amid a softening billet market and gains in the futures market. Export prices for the long steel product decreased on inventory pressure.- Eastern China (Shanghai): 3,700-3,750 yuan ($539-546) per tonne, unchanged- Northern China (Beijing): 3,600-3,650 yuan per tonne, unchangedA drop in the price of billet upstream and in contrast, strong gains in the futures market, resulted in uncertainty in the spot rebar market, sources said.This led sellers to maintain their prices and buyers to continue to procure at a slow rate.
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