CHINA STEEL WRAP: Rebar prices down again
May 10, 2012 | 04:15 AM
Spot rebar prices fell again on Thursday May 10 as traders slashed prices once more before major longs producers Shagang and Hebei Steel announce their price policies for mid-May on Friday.
In Beijing, rebar prices dropped to 4,160-4,240 yuan ($659-671) per tonne, 10 yuan lower than Wednesday’s levels. Rebar prices in Shanghai also slid by 10 yuan to 4,000-4,180 yuan per tonne.
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