DAILY: China's rebar price ebbs to 1.5-m low, sales poor

ABSTRACT

On May 10, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment decreased for the fourth working day by another Yuan 51/tonne ($7.6/t) on day to touch a 1.5-month low of Yuan 4,969/t including the 13% VAT, largely due to bearish market sentiment amid the country's frequent resurgence of COVID-19 cases.