DAILY: China's rebar prices rebound, trading slowdown continues

China's rebar prices rebounded in both spot and futures markets on January 22, even as spot trading volume declined for the fourth consecutive working day, Mysteel Global noted.

Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,318/tonne ($476/t) including the 13% VAT on Thursday, up Yuan 1/t from the previous day. In parallel, the most-traded rebar contract on the Shanghai Futures Exchange for May delivery closed the daytime session at Yuan 3,124/t yesterday, up 0.35% from