GMT+8( BJT)

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

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227