DAILY: China's rebar prices tick up amid warmer market sentiment

China's spot rebar prices posted moderate gains following the price rally in the futures market, while spot trading volume for long steel products, including rebar, also improved further on the same day.

Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,327/tonne ($488/t) including the 13% VAT on Monday, up by Yuan 5/t from last Friday. Both Shagang and Yonggang, two major steelmakers in East China's Jiangsu province, held steady list prices of construction steel items for mid-April sales, Mysteel