DAILY: China's rebar prices extend losses, trading stays low

China's domestic spot rebar prices continued to fall on September 11, dragged down by softer futures prices in Shanghai, while spot trading for the long steel product remained at low levels amid cautious market sentiment, Mysteel Global learned.

The national price of HRB400E 20mm dia rebar assessed by Mysteel registered Yuan 3,328/tonne ($496/t), including the 13% VAT, last Friday, down by a larger Yuan 15/t from the prior day. Most of China's ferrous futures saw their daytime losses widen on Friday. The main contracts for coking coal and coke