DAILY: China's rebar prices, trading both retreat

China's domestic spot rebar prices pulled back on September 10, tracking weaker derivative prices in Shanghai, and spot trading for the long steel product also retreated further amid limited recovery in end-user demand, Mysteel Global learned.

The national price of HRB400E 20mm dia rebar assessed by Mysteel registered Yuan 3,343/tonne ($499/t), including the 13% VAT, on Thursday, lower by Yuan 6/t from the prior day and ending two consecutive days of gains. China's ferrous futures mostly closed lower during Thursday's daytime trading. The main contracts for coking coal