DAILY: China's rebar prices, trading both nudge up

China's rebar prices in both spot and futures markets ticked a little higher on December 17, while spot transactions for the construction steel including rebar also saw a marginal gain on the same day in a lukewarm trading environment.

Mysteel assessed the national price of HRB400E 20mm dia rebar returning to the Yuan 3,300/tonne ($468.4/t) level including the 13% VAT on Wednesday, moving up by Yuan 5/t from the day prior. Similarly, the most-traded rebar contract on the Shanghai Futures Exchange for May 2026 delivery closed the daytime session at Yuan