China’s national price of HRB400 20mm dia rebar decreased for the third day on Wednesday, though it dipped only marginally by Yuan 3/tonne ($0.4/t) on day to Yuan 3,621/t. On the same day, Mysteel’s Tangshan Q235 150mm square billet price reversed down Yuan 30/t on day to Yuan 3,070/t EXW. Both are key indicators of Chinese steel market sentiment and both prices include the 13% VAT.
Source : https://www.mysteel.net/article