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DAILY: China’s rebar price down further, trade ebbs

China’s national average HRB 400 20mm rebar benchmark price decreased another Yuan 8/tonne ($1.1/t) on day to Yuan 3,915/t including the 13% VAT as of October 11, and trading also receded more together with the price softening.
Mysteel’s daily survey across 237 steel traders nationwide showed that the trading volume of construction steel consisting of rebar, wire rod and bar-in-coil declined further by 2,384 tonnes/day on day or 1.1% to 209,218 t/d on Thursday. On Thursday, Mysteel’s Q235 150mm square billet benchmark price in Tangshan, Hebei, remained unchanged

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