DAILY: China's rebar market loses more ground

Source: Mysteel May 19, 2026 11:37

Decline in China's spot rebar prices expanded on May 18, along with a broader retreat seen in ferrous futures prices the same day as sentiments sagged further in the domestic steel market.

Spot transactions for long steel items including rebar also edged lower on Monday, hovering below the 100,000 tonnes/day mark for the fifth consecutive working day partly due to disruptions caused by recent heavy rainfall in several cities of China. On Monday, Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,468/tonne ($510/t) including the 13% VAT, lower by a pronounced