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DAILY: China’s rebar, billet prices, trading slipping

On November 27, China’s long steel prices softened for the second day with Mysteel’s national average HRB400 20mm dia rebar benchmark down Yuan 15/tonne ($2.1/t) on day and Mysteel’s Tangshan Q235 150mm square billet benchmark down another Yuan 10/t on day, and the daily trading volume ebbed for the second day too.
The rebar price fell to Yuan 4,178/t and billet down to Yuan 3,460/t EXW, both including the 13% VAT, and Mysteel’s daily monitor across 237 Chinese steel traders across the country showed that their trading volume of construction steel -rebar, wire rod and bar-in-coil- decreased further by 9,099 tonnes/day or

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