DAILY: China's rebar prices largely stable during CNY holiday

China's rebar market was largely quiet during the nine-day Chinese New Year (CNY) holiday ending on February 23, with rebar prices across various regions generally holding steady at pre-holiday levels, Mysteel Global noted.

Early this month, market worries over future demand recovery dragged spot rebar prices down before the prices leveled out during the final week leading up to the holiday as most traders and end-buyers left the market to celebrate the festival. By February 14, the last working day before the CNY