DAILY: China's rebar prices rebound amid firmer cost support

China's rebar prices in both spot and futures markets recovered swiftly on May 25 amid strengthening cost-side support, while spot trading volume for construction steel items including rebar also posted a marked rise on the same day.

The national price of HRB400E 20mm dia rebar jumped by Yuan 35/tonne ($5.2/t) on day to register Yuan 3,467/t including the 13% VAT on Monday, snapping a losing streak for eight consecutive workdays, according to Mysteel's assessment. Ongoing safety checks at over 100 mines across key coal-producing hubs point to a potential