China's domestic rebar prices continued to fall on Tuesday August 3, with demand weakened by adverse weather and a resurgence of Covid-19 infections.
DomesticEastern China (Shanghai): 5,130-5,170 yuan ($794-800) per tonne, down by 60-70 yuan per tonneRain in eastern and southern China affected construction activity, particularly in coastal cities that experienced heavy downpour.A spike in Covid-19 cases have resulted in logistical disruptions for steel products in several cities. Buyers in the...