China steel market weakens, outlook cautious

Oct 12, 2012 | 11:05 AM | None

Tags  steel market, rebar, hot-rolled coil, Steel First

SHANGHAI — China’s spot steel market weakened further Friday, with both long and flat products experiencing losses.

Spot prices of Grade III rebar stood at 3,630 to 3,830 yuan ($579 to $611) per tonne in Beijing, down 30 yuan ($5) from Thursday but up 30 yuan from Sept. 28, the last trading day before China’s national holiday. ....

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