DAILY: China's rebar prices retreat amid tepid demand recovery

China's rebar prices in both spot and futures markets dropped moderately on March 19, while spot trading volume for construction steel items including rebar still hovered at relatively low levels, with only a slight increase on the same day.

The national price of HRB400E 20mm dia rebar registered Yuan 3,333/tonne ($484/t) including the 13% VAT on Thursday, down by Yuan 10/t from Wednesday, according to Mysteel's assessment. In the derivatives market, the most-traded rebar futures contract for May delivery on the Shanghai Futures Exchange (SHFE) also trended downwards, with the price