DAILY: China's spot rebar prices tick up on sentiment lift

China's spot rebar market gained some momentum on July 23 alongside a broad rally of ferrous futures, with both rebar prices and trading activities in the physical market picking up modestly.

The national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 3,284/tonne ($485/t) on Thursday, recovering by Yuan 7/t on day. As for the semis, the price of Q235 150mm square billet in Tangshan in North China's Hebei province remained flat on day at Yuan 2,960/t EXW including the 13%