DAILY: China’s rebar price down further, trading eases
Dec 13, 2019 10:30
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China’s national benchmark price for the HRB400 20mm dia rebar decreased by Yuan 7/t on day to Yuan 4,005/t including the 13% VAT as of December 12, or close to the threshold of Yuan 4,000/t again after 18 days of hovering above the level, and the spot trading of construction steel slipped too on Thursday.
On December 12, the daily trading volume of construction steel comprising rebar, wire rod and bar-in-coil among 237 major traders under Mysteel’s survey reversed down 20,763 tonnes/day or about 12.7% on day to 143,048 t/d, which has been normal in December, an off-peak season in China in winter.
Small inclines in