WEEKLY SUMMARY: China's major steel prices remain mixed

China's prices of major steel products, including rebar, square billet and hot-rolled coil (HRC), remained mixed during the week of June 8-12, with those of rebar and HRC weakening continuously, while that of billet strengthened further.

Rebar: As of June 12, Mysteel assessed China's national price of HRB400E 20mm dia rebar at Yuan 3,391/tonne ($502/t) including the 13% VAT, falling by Yuan 18/t on week. Although rebar prices in the derivatives market remained firm overall last week, the weakness in demand from end-users during the traditional summer