DAILY: China's rebar prices extend slight gains, trading improves

China's rebar prices in both spot and futures markets moved slightly higher on November 13, and spot trading activity for the long steel item presented a notable increase on the same day, Mysteel Global noted.

The national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 3,237/tonne ($455/t) including the 13% VAT on Thursday, edging higher by Yuan 5/t on day and marking a three-day gaining streak . The uptick in spot rebar prices was largely fueled by the rallying futures market, where