China’s average price for HRB400 20mm dia rebar reversed up on day, gaining Yuan 10/tonne ($1.4/t) to Yuan 3,593/t after a persistent decline over the past two weeks, including the 13% VAT, as of March 11. Long steel sales improved substantially on the same day and reached a record of 3-month high.
Source :https://www.mysteel.net/article