DAILY: China's rebar prices drop again, but sales improve

China's rebar prices in both spot and futures markets posted slight drops on April 7, mainly pressured by still-weak long steel market fundamentals, while spot trading volume of construction steel products including rebar saw a modest increase the same day.

The national price of HRB400E 20mm dia rebar came in at Yuan 3,323/tonne ($486/t) including the 13% VAT on Tuesday, declining by Yuan 6/t from last Friday, according to Mysteel's assessment. This Monday was a public holiday in China for the Qingming Festival and markets were mostly closed, Mysteel Global noted. In