DAILY: China's rebar prices pull back, sales near one year-low

China's rebar prices retreated on January 27, snapping a gaining streak for three working days, while spot transactions of long steel products including rebar fell to nearly a one-year low, Mysteel's survey found.

The overall sentiment for the domestic steel market cooled further following sharp declines in major ferrous futures yesterday. The prices of main futures contracts for coking coal and coke on the Dalian Commodity Exchange slumped by 3% and 2.77% respectively in the daytime trading of Tuesday, while the most-traded