China’s price of HRB400 20mm dia rebar assessed by Mysteel rose by Yuan 30/tonne ($4.2/t) from April 30 to Yuan 3,649/t as of May 6, the first working day after the country’s Labour Day holiday (May 1-5). On Wednesday too, long steel sales among traders hit a 7.5-month high.
Source : https://www.mysteel.net/article