DAILY: China rebar price, trading ease further
Dec 06, 2019 10:29
See Full-size Table Here
China’s national average HRB400 20mm dia rebar benchmark price decreased for the eighth successive working day, down another Yuan 31/tonne ($4.4/t) on day to Yuan 4,060/t including the VAT as of December 5, or a recent low since November 19, and spot construction steel trading continued to ease on Thursday amid the softening in demand, according to Mysteel’s daily price tracker.
The Tangshan Q235 150mm square billet benchmark price, another important Chinese steel market sentiment indicator, stayed at Yuan 3,460/t EXW including the VAT, unchanged for most of the week.
On the same day, spot sales volume of long steel comprising rebar, wire rod and bar-in-coil among 237 sampled steel traders across