DAILY: China's rebar prices hit 8-m low, sales show mild pickup

China's rebar prices continued to decline in both the physical and derivatives markets on May 26, as bearish sentiment persisted amid the coming seasonal demand lull due to rising temperatures and frequent rainfall across many regions, Mysteel Global has learned.

On Monday, Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,261/tonne ($453.7/t), including 13% VAT, down by Yuan 27/t from the previous day and hitting its lowest level since September 9 2024. The downbeat mood was even more pronounced in the futures market. The most-traded October rebar contract