DAILY: China’s rebar price and spot steel trading steady
Sep 27, 2019 10:30
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China’s national average price for HRB400 20mm dia rebar maintained largely stable at Yuan 3,887/tonne ($545/t) including the 13% VAT as of September 26, or up merely Yuan 1/t on day, and at the same time, the daily construction steel trading maintained at its threshold of around 200,000 tonnes for a peak consumption season.
On Thursday, the trading volume of construction steel comprising rebar, wire rod and bar-in-coil among 237 steel traders nationwide under Mysteel’s daily survey totalled 209,898 tonnes/day, down 14,460 tonnes/day or 6.4% from the previous day, and the daily trading volume has been hovering above 200,000 t/d since September 20.