NOTE: There will be no news updates over October 1-8 due to China's National Day holiday.
UTC+8 ( BJT)

DAILY: China’s rebar price softens at a slower pace

China’s national average HRB400 20mm dia rebar benchmark price, the most important indicator of China’s steel market dynamic, stayed on the downtrend as of December 9, having lost another Yuan 9/tonne ($1.3/t) from last Friday to Yuan 4,016/t including the 13% VAT, or a low since November 15.
The decline on Monday, though, slowed down in pace compared with last week when the price fell a total of Yuan 127/t or Yuan 25/t daily on average. “Market panic eased moderately after the fast declines last week, and spot steel trading has improved, which saw lower offering disappear from the

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