On April 13, China’s spot sales of construction steel including rebar strongly rebounded by 50.9% on day, partly as the domestic steel prices had shown signs of stabilizing after a short-time decline, and the national HRB400E 20mm dia rebar price, for example, recovered by Yuan 11/tonne ($1.7/t) on day after three days of softening, according to Mysteel’s surveys.
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