Eastern China (Shanghai): 3,620-3,650 yuan ($511-515) per tonne, down 50 yuan per tonne
Northern China (Beijing): 3,560-3,600 yuan per tonne, down 20 yuan per tonne
Stockists were actively selling rebar to draw down their inventories on expectations of higher production rates over the next few months.
The selling pressure weighed on rebar prices, sources said.
Rebar prices in eastern China are down 30 yuan...