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DAILY: China’s rebar price, long steel sales slip further

China’s national average benchmark price for HRB 400 20mm dia rebar fell another Yuan 17/tonne ($2.4/t) on day to Yuan 4,091/t including 13% VAT as of December 4, or having softened for the seventh working day, and spot construction sales eased 6% on day also on Wednesday, according to Mysteel’s data.
The Tangshan Q235 150mm square billet price, another crucial indicator of the steel market sentiment especially in North China, remained at Yuan 3,460/t EXW and including 13% VAT, or unchanged for the third straight day as of December 4. On Wednesday, spot sales volume of long steel comprising rebar, wire rod

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