DAILY: China’s rebar price eases for 6th day, sales fall

China’s national average HRB400 20mm dia rebar benchmark price fell for the sixth consecutive working days by another Yuan 14/tonne ($2/t) to Yuan 4,108/t including the 13% VAT as of November 3 and spot construction steel trading retreated after a small recovery on Monday.
Mysteel’s daily monitor of construction steel comprising rebar, wire rod and bar-in-coil shrank 34,162 tonnes/day or 17.7% on day to 158,964 t/d, a normal level for cold winter days, the survey across 237 Chinese steel traders nationwide showed. Entering December, the sentiment among Chinese steel mills and traders gradually shifted from


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