Mysteel’s national average HRB400 20mm dia rebar benchmark price, a crucial indicator of China’s steel market dynamics, retreated for the third consecutive working day. Rebar price decreased another Yuan 12/tonne ($1.7/t) on day to Yuan 3,611/t, including the 13% VAT, as of March 31. Overall, trading remained weak.
Source : https://www.mysteel.net/article