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.

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