WEEKLY SUMMARY: China steel price dip, digestion slows

China’s steel prices slipped further over March 30-April 3, as the market concern grew amid the slower pace in the consumption of existing steel stocks at both the traders and the steel mills, Mysteel Global noted.
Rebar: China’s national price of the HRB400 20mm dia rebar decreased for a second week, down another Yuan 58/tonne ($8.2/t) on week to Yuan 3,589/t including the 13% VAT as of April 3, or a new low since April 28 2017, as traders had to trim prices further amid the


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