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DAILY: China rebar price pauses from rises, sales up

China’s average price for HRB400 20mm dia rebar, a bellwether of the domestic steel market sentiment, took a pause last Friday after having been on a gradual uptrend since late October, staying at Yuan 3,895/tonne ($557/t) including the 13% VAT, while spot sales of construction steel improved slightly on November 8.
The rebar price in general gained Yuan 43/t last week before taking a breath on the last working day, and the spot trading volume of construction steel including rebar, wire rod and bar-in-coilamong the 237 sampled traders across Chinahad been fluctuating, with the tonnage for last Friday reversing up 9,733 tonnes/day or 5.4% on

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