WEEKLY SUMMARY: China steel prices dip, concern renews

All of China’s major steel prices reversed down over April 20-24, as the market has been with the growing concern on oversupply.
Rebar: China’s national price of HRB400 20mm dia rebar reversed down Yuan 15/tonne ($2.1/t) on week to Yuan 3,623/t including the 13% VAT as of April 24, as traders were still with high inventories and supplies had been up, as against the rather steady demand. Trading of construction steel comprising of


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