WEEKLY SUMMARY: China's major steel prices weaken after holiday

China's prices of major steel products weakened somewhat over October 8-12 partly due to the wavering sentiment in the domestic steel market, Mysteel Global learned.

Rebar: As of October 12, a working day in China due to the National Day holiday that ended on October 7, the national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 3,886/tonne ($549/t) including the 13% VAT, falling by Yuan 94/t from that on October 8,