Author: Lalita
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China: Re-bar prices up, spot sales at 4-month high
On September 9, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment rebounded after just one day of retreat, up Yuan 50/tonne ($7.7/t) on day, and the spot sales of construction steel including rebar reversed from three days of declines, jumping 37.7% on day to a four-month high, partly as market sentiment improved…