Eastern China (Shanghai):
3,220-3,240 yuan ($454-457) per tonne, down 50-60 yuan per tonne
Northern China (Tangshan):
3,200-3,210 yuan per tonne, down 40-50 yuan per tonne
A Shanghai-based trader said trading activity during the day was thinner than on Tuesday, with market sentiment dampened by a continual decline of rebar futures.
Most market participants have a bearish outlook, with the global economy slowing down as a result of the Covid-19...