DAILY: China's rebar prices, sales both recover

China's spot rebar prices ticked up on March 5 after dipping for three consecutive days, while spot trading volume for construction steel items, including rebar, recovered further on the same day.

The national price of HRB400E 20mm dia rebar came in at Yuan 3,301/tonne ($478/t) including the 13% VAT on Thursday, up by Yuan 2/t from one day prior, according to Mysteel's assessment. China's crucial annual 'Two Sessions' political meeting that kicked off on Wednesday continued to uplift market sentiment, which also supported