DAILY: China's spot rebar ticks up, trading improves

China's spot rebar prices rebounded slightly on November 6, snapping a four-day losing streak, and trading activity for the long steel item in the physical market presented a marked rise on the same day, Mysteel Global noted.

The national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 3,220/tonne ($452/t) including the 13% VAT on Thursday, higher by Yuan 3/t from the day prior. The rebound seen in spot rebar prices was mainly supported by a firmer futures market, where the most-traded rebar futures contract on