China’s HRB400 20mm dia rebar price reached a new high since February 3 after increasing another Yuan 38/tonne ($5.4/t) on day. It hit Yuan 3,904/t, including the 13% VAT on Tuesday, according to Mysteel’s assessment. However, trading had receded notably from a 13-month high record on Monday, Mysteel Global noted.
Source : https://www.mysteel.net/article