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

China's rebar prices in both spot and futures markets kept largely steady on December 25, while spot sales of long steel products including rebar fell back again amid rising market caution the same day.

In the spot market, the national price of HRB400E 20mm dia rebar came in at Yuan 3,326/tonne ($474/t) including the 13% VAT on Thursday, nudging down by Yuan 1/t from one day prior, according to Mysteel's assessment. Rebar futures prices strengthened in the morning trading session yesterday, prompting some sellers to raise