DAILY: China's rebar prices mark time, sales jump

China's spot rebar price kept largely steady on November 10, while spot sales of construction steel products including rebar rebounded considerably amid warming market sentiment in the afternoon.

Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,223/tonne ($453/t) including the 13% VAT on Monday, edging down by a minimal Yuan 2/t from the level last Friday. However, rebar futures reversed their morning losses to bounce back yesterday afternoon, buoyed by positive macro signals that lifted market