DAILY: China's rebar prices steady, sales improve

China's rebar prices held largely steady in the spot market on April 1, while spot trading volume of long steel products, including rebar, rebounded above the 100,000 tonnes/day mark again on the same day.

Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,331/tonne ($484/t) including the 13% VAT on Wednesday, down by a minimal Yuan 1/t from one day prior. Three steel producers, including Shagang Group, China's largest electric-arc-furnace steelmaker, kept the list prices for their long steel products unchanged on