DAILY: China's rebar prices, sales both improve

China's rebar market gained some strength on March 30, with both spot and futures prices up a notch by the end of the day, while trading activity for construction steel items across the country also advanced modestly.

On Monday, the national price of HRB400E 20mm dia rebar under Mysteel's assessment came in at Yuan 3,336/tonne ($483/t) including the 13% VAT, higher by Yuan 12/t from the prior day and ending a four-day losing streak. In the derivatives market, major domestic ferrous futures strengthened yesterday along with sharp rallies in energy prices. The most-traded