Eastern China (Shanghai): 3,700-3,740 yuan ($545-551) per tonne, unchanged
Northern China (Beijing): 3,670-3,700 yuan per tonne, unchanged
More and more end users are shutting down ahead of the Chinese New Year while others are lowering their procurement rates. As such, sellers kept their prices flat although rebar futures posted some gains.
Rebar inventory levels in the spot market rose over the past...