Over October 25-29, China's domestic steel prices including rebar and hot-rolled coil (HRC) declined in both physical and futures markets, indicating the market pessimism amid uncertainties and tepid spot sales, Mysteel Global noted.
Rebar: As of October 29, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment recovered from 14 working days of drops in a row, reaching Yuan 5,361/tonne ($837/t) including the 13% VAT.