China's rebar prices largely softened on Monday June 3 amid a gradual drop in demand.
Domestic Eastern China (Shanghai): 3,940-3,980 yuan ($570-576) per tonne, unchangedNorthern China (Beijing): 3,850-3,900 yuan per tonne, down 30-50 yuan per tonneWarmer weather in northern China led to demand for rebar in that region falling over the past few days.A price drop in Tangshan's billet market over the weekend also weighed on rebar prices in the northern region. But traders in eastern China...