Reuters reported that Shanghai steel futures dropped for a fourth day running on Tuesday, weighed by weaker equities and a cloudy outlook for demand in top steel market China which is curbing mills' appetite to boost iron ore stockpiles.

The most briskly traded May rebar contract on the Shanghai Futures Exchange slipped 0.4% to close at CNY 4,151 per tonne, after falling to a one week low of CNY 4,133.

The price of steel products in China has been flat to lower, curbing crude steel production to 49.88 million tonnes in November, the lowest in 14 months.

(Sourced from Reuters)