Reuters reported that China steel futures dropped on Monday for a second session in three, weighed down by softer demand in China amid colder weather

The most traded rebar contract for May delivery on the Shanghai Futures Exchange touched a session low of CNY 3,543 (USD 570) a tonne, not far off last week's two month low of CNY 3,533. By the midday break, it was down 0.3% at CNY 3,559.