DAILY: China's rebar prices stay rangebound, trading recovers

China's rebar prices remained largely steady on March 3, while spot transactions for construction steel items including rebar posted a recovery the same day, though the overall trading volume still hovered at a low level.

The national price of HRB400E 20mm dia rebar came in at Yuan 3,301/tonne ($478/t) including the 13% VAT on Tuesday, edging down for the second day by Yuan 2/t from one day prior, according to Mysteel's assessment. In the derivatives market, the most-traded rebar futures contract for May delivery on the Shanghai