In Beijing, grade III rebar was traded at 3,200-3,220 yuan ($524-528) per tonne, unchanged since Tuesday.
But in Shanghai, the same product was traded 20-30 yuan ($3-5) per tonne lower, at 3,270-3,300 yuan ($536-541) per tonne.
All prices are inclusive of VAT.
“I didn’t achieve my sales target today. Many end-users are still not back in the market yet,” a Shanghai-based trader said.
“But there is always some buying on Friday to prepare for the weekend, and with current prices already...