China’s national price for HRB 400 20mm dia rebar, a barometer of the domestic steel market’s sentiment, reversed down to Yuan 3,636/tonne ($514.1/t) including the 13% VAT as of April 20 with a small decline Yuan 2/t from last Friday, Mysteel’s data showed. Market sentiment remained cautious due to the oversupply concern.
Source : https://www.mysteel.net/article