DAILY: China's rebar prices, spot sales both rise

China's rebar prices strengthened again on September 4, ending last week on a bright note after a three-day downward correction. Spot transactions of construction steel products, including rebar, also picked up further on the same day amid better market sentiment.

The national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 3,338/tonne ($497/t) last Friday, up by Yuan 9/t from the previous day and snapping the losing streak started Tuesday. In the derivatives market, key ferrous commodities ended last week's final daytime trading session with broad-based gains. The most-traded rebar contract on the