Eastern China (Shanghai):
3,450-3,480 yuan ($486-490) per tonne, down 10 yuan per tonne
Northern China (Beijing):
3,360-3,400 yuan per tonne, unchanged
Rebar futures dropped to a low of 3,373 yuan per tonne in the first 10 minutes of trading in the afternoon session, which led to a slight price drop in the spot market in Shanghai.
But a rebound in the futures...