DAILY: China’s rebar price reverses up, sales ease
Dec 11, 2019 10:40
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China’s national average benchmark price for the HRB 400 20mm dia rebar price ended the decline since November 26 when the price reversed up Yuan 1/tonne on December 10 to Yuan 4,017/t ($56.6/t) including 13% VAT, according to Mysteel’s daily price tracker, and the daily trading volume of construction steel continued to fluctuate.
On Tuesday, the national sales volume of long steel comprising rebar, wire rod and bar-in-coil among 237 sampled traders under Mysteel’s daily tracking contracted sharply by 24% on day to 160,826 tonne/day as of Tuesday.
On the same day, the Tangshan Q235 150mm square billet price, another crucial indicator of the