China's national price of the HRB 400 20mm dia rebar, a bellwether of domestic steel-market sentiment, reversed down last Friday after rising for eight consecutive working days, losing Yuan 4/tonne ($0.6/t) on day to Yuan 3,861/t including the 13% VAT as of August 7, according to Mysteel’s data.
Source : https://www.mysteel.net/article