GMT+8( BJT)

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

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227