DAILY: China's rebar prices mark time amid pre-festival lull

China's spot rebar prices generally held steady on February 10, as the market entered a state of dormancy, with most participants exiting the market ahead of Chinese New Year holiday, which officially start on February 15.

The national price of HRB400E 20mm dia rebar stood flat on day at Yuan 3,304/tonne ($478/t) including the 13% VAT on Tuesday, Mysteel's tracking showed . In the derivatives market, future prices of major ferrous commodities in China softened further, however. The most-traded rebar contract for May delivery on the Shanghai Futures Exchange lost 0.55% from