DAILY: China's rebar prices gain further, but sales drop

China's rebar prices in both spot and futures markets extended uptrends on August 27, buoyed by firmer cost support, while spot trading volume for long steel items including rebar dipped further amid an uneven recovery in downstream demand.

The national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 3,282/tonne ($488/t) on Thursday, up for the fifth consecutive workday by Yuan 3/t on day. As for the semis, the price of Q235 150mm square billet in Tangshan in North China's Hebei province stayed unchanged on day at Yuan