DAILY: China’s rebar price at 4-m high, sales robust
Nov 21, 2019 10:30
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China’s national average HRB400 20mm dia rebar benchmark price hit a new high since July 4, up for the seventh day as of November 20, up another Yuan 67/tonne ($9.5/t) on day to Yuan 4,119/t including the 13% VAT, and spot sales remained robust despite the recent temperature drops in North and part of East China.
On the same day, Mysteel’s Tangshan Q235 150mm square billet benchmark price grew 20/t on day to Yuan 3,450/t EXW and including the VAT, or a new high since August 16.
Trading volume of construction steel consisting of rebar, wire rod and bar-in-coil remained high at 214,755 tonnes/day though it contracted