DAILY: China's rebar prices edge lower, yet sales tick up

China's rebar prices in both spot and futures markets extended their downtrend on September 14, while lower offer prices helped facilitate some low-priced deals in the physical market, leading to a moderate rise in spot transactions for the long steel product.

The national price of HRB400E 20mm dia rebar came in at Yuan 3,315/tonne ($494/t) on Monday, drifting lower by another Yuan 13/t from last Friday, and for the semis, the price of Q235 150mm square billet in Tangshan in North China's Hebei province also slipped by Yuan 10/t on day to sit