Chinese steel rebar and iron ore futures both lost ground on Tuesday as traders worried about market prospects in coming months, with domestic demand still showing few signs of any seasonal improvement. Steel mills and iron ore miners are gathering in the coastal city of Qingdao this week for their annual China conference. The event is usually an opportunity for traders to make deals, but pessimism is expected to dominate this year’s proceedings. “There has just been no pick-up in demand at all recently and the market is still very cold,” said a sales manager with a steel mill based in the city of Tangshan in Hebei province. “Our sales volume so far this season is pretty much the same as it was in the summer off-season – there […]