DAILY: China's rebar prices pull back after 3-day rise

China's rebar prices in both spot and futures markets nudged down slightly on November 26, ending the uptrend lasting for three consecutive days. Meanwhile, sales of long steel items in the physical market also slipped further on the same day.

Mysteel assessed the national price of HRB400E 20mm dia rebar coming in at Yuan 3,292/tonne ($465/t) including the 13% VAT on Wednesday, lower by Yuan 4/t on day. In the derivatives market, the price of the most-traded rebar futures contract for next January delivery on the Shanghai Futures Exchange fluctuated in a narrow