Concern over the health of China's market continues to grow as some mills in south Hebei are now said to be cutting output because they are making losses selling steel at current steel prices.

The most-active May rebar contract on the Shanghai Futures Exchange closed down 0.3% at CNY 4,286 per tonne.

It fell 1.1% for the week, its first loss in four weeks excluding the Lunar New Year holiday in late January.

(Sourced from Reuters)