Eastern China (Shanghai)
: 3,880-3,920 yuan ($561-567) per tonne, down 20 yuan per tonne
Northern China (Beijing)
: 3,790-3,840 yuan per tonne, down 10-20 yuan per tonne
A few major rebar producers lowered their ex-works prices over the past two days, which put pressure on the spot market, sources said.
For instance, Shagang in eastern China cut its rebar price...