CHINA REBAR: Mills' falling inventories take pressure off prices

China's domestic rebar prices picked up on Tuesday March 10 on a pick-up in trading activity due to rising futures.

Eastern China (Shanghai): 3,410-3,440 yuan ($491-495) per tonne, up 40 yuan per tonne
Northern China (Beijing): 3,270-3,310 yuan per tonne, up 10 yuan per tonne
More transactions were concluded during the day compared with Monday, with rebar futures charting big gains, sources said.

End users as well as a few trading houses raised their procurement rates...

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