DAILY: China's rebar prices nudge down, spot trading rebounds

China's rebar spot and futures prices both dipped slightly on April 10, while spot trading activity for the long steel product rebounded as some previously hesitant end-users entered the market for restocking, Mysteel Global learned.

The national price of HRB400E 20mm dia rebar assessed by Mysteel stood at Yuan 3,322/tonne ($487/t) including the 13% VAT last Friday, down by a marginal Yuan 1/t from the prior day. The most-traded rebar futures contract on the Shanghai Futures Exchange for October delivery closed Friday's daytime session 0.23%