DAILY: China's rebar prices slide to 3-week low, trading softens further

China's domestic spot rebar prices continued to fall on September 20, a makeup working day for China's National Day holiday over October 1-7, while spot trading for the long steel product remained sluggish amid cautious sentiment, Mysteel Global learned.

The national price of HRB400E 20mm dia rebar assessed by Mysteel hit a three-week low of Yuan 3,311/tonne ($494/t), including the 13% VAT, on Sunday, dipping by another Yuan 2/t from Friday when the price had already slid by Yuan 11/t on day. China's ferrous futures extended their losses broadly during