DAILY: China's spot rebar prices dip, trading falls to 4-m low

China's spot rebar prices edged lower again on July 10, while trading activity for the long steel product also declined the same day amid the ongoing summer demand lull, Mysteel Global learned.

The national price of HRB400E 20mm dia rebar assessed by Mysteel stood at Yuan 3,287/tonne ($485/t) including the 13% VAT last Friday, inching down by Yuan 3/t from the day prior after rising briefly for two days. In the derivatives market, the most-traded rebar contract on the Shanghai Futures Exchange for