On April 29, China’s daily trading of construction steel among 237 traders under Mysteel’s tracking rebounded 21.8% on day, and the national HRB400E 20mm rebar price, according to Mysteel’s assessment, recovered quickly from one-day drop, up Yuan 10/tonne ($1.5/t) on day to Yuan 5,240/t including the 13% VAT, indicating market sentiment, after the short wavering, stayed positive.
Source : https://www.mysteel.net/article