China’s national price of HRB400 20mm dia rebar moved up for the second day on May 7 by another Yuan 15/tonne ($2.1/t) on day to Yuan 3,664/t including the 13% VAT, according to Mysteel’s assessment, and the market sentiment showed signs of optimism from cautiousness on better-than-expected trading.
Source : https://www.mysteel.net/article