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DAILY: China's steel market weakens amid sluggish demand

Source: Mysteel Nov 02, 2026 10:38
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Steel Demand Price Trading
China's steel market softened on October 30, pressured by falling futures and subdued demand.
The national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 3,305/tonne ($496/t) on Friday, lower by Yuan 4/t on day. The same day, the national price of Q235B 4.75mm HRC under Mysteel's assessment retreated by Yuan 9/t to Yuan 3,220/t.   China's ferrous futures declined broadly on Friday,

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