DAILY: China's spot rebar prices hold steady, sales improve

China's rebar prices stabilized in the spot market on June 10, as market sentiment improved with the strengthening of steel futures. The upbeat sentiment also boosted spot trading activities for construction steel items on the same day.

Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,388/tonne ($500/t) including the 13% VAT on Wednesday, marking no change from the previous day and ending a decline for six consecutive workdays. In the derivatives market, major steel commodities rebounded on Wednesday, with the price of the most-traded rebar