DAILY: China’s rebar price rangebound, trading slides
Mar 27, 2020 10:30
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Mysteel’s national average HRB400 20mm dia rebar benchmark price hovered at Yuan 3,650/tonne ($516.3/t) including the 13% VAT as of Thursday, nudging up Yuan 1/t on day. The benchmark has remained rangebound since mid-March, Mysteel Global noted.
China’s steel trading retreated slightly on Thursday. Mysteel’s daily monitor across 237 Chinese steel traders nationwide showed that the trading volume of construction steel comprising of rebar, wire rod and bar-in-coil declined 48,831 tonnes/day or 22.2% on day to 171,379 t/d, after two days of robust trading of above the