CHINA STEEL WRAP: Prices mostly unchanged on lower official PMI 1 july 2013 In Beijing, grade III rebar was traded at 3,320-3,370 yuan ($537-545) per tonne, unchanged since last Thursday. In Shanghai, the same product also held steady for a second day at 3,220-3,300 yuan ($520-533) per tonne. “Shagang kept its early July list prices unchanged today and gave no rebate for June cargoes. Traders were unwilling to cut their offers as a result,” a Shanghai-based analyst said. Economic data released on Monday morning hit market confidence. China’s official purchasing managers’ index (PMI) for the manufacturing sector slid to 50.1 points in June from May’s
Posted on: Mon, 01 Jul 2013 11:56:24 +0000