On February 18, the first working day after the Chinese New Year holiday in China, the country’s HRB400 20mm dia rebar price soared by Yuan 120/tonne ($18.5/t) from February 10 to Yuan 4,478/t including the 13% VAT, according to Mysteel’s assessment, in tandem with the price surges in both billet and iron ore on the same day.
Source : https://www.mysteel.net/article