Eastern China (Shanghai): 3,870-3,900 yuan ($559-563) per tonne, down 10-20 yuan per tonne
Northern China (Beijing): 3,780-3,830 yuan per tonne, down 10 yuan per tonne
While rebar futures moved upward in the first half of the day, they went on to decline in the second half, ending the day below Thursday’s closing price. This resulted in thin trading in the spot market, which weighed on prices.
Concerns over a further drop in prices led...