Eastern China (Shanghai): 4,480-4,520 yuan ($647-653) per tonne, down 20-30 yuan per tonne
Northern China (Beijing): 4,350-4,400 yuan per tonne, down 20-30 yuan per tonne
Futures dropped steadily in morning trade, leading to weak buying interest in the spot market.
Sellers cut prices to attract buyers, but failed to achieve higher sales volumes, market sources said.
MB fob China Rebar Index: $575 per tonne, unchanged
Offers of rebar were at...