Domestic
Eastern China (Shanghai): 3,860-3,900 yuan ($561-567) per tonne, down 20 yuan per tonne
Northern China (Beijing): 3,520-3,550 yuan per tonne, down 40 yuan per tonne
The onset of bad weather caused weak demand for rebar, pushing down prices, traders said.
Meanwhile, rebar futures were lower than Thursday’s settlement price of 3,412 yuan per tonne...