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WEEKLY SUMMARY: China’s steel prices stable, sales firm

China’s domestic prices of rebar and hot-rolled coil (HRC) remained stable over April 27-30, and the trading of long steel in particular appeared robust because of the replenishment needs ahead of the Labour Day holiday in China over May 1-5.
Rebar: China's national price of the HRB 400 20mm dia rebar declined for the second week, but inched down by only Yuan 4/tonne ($0.6/t) from April 24 to Yuan 3,619/t including the 13% VAT as of April 30, and the steady and strong demand further digested the stocks at the

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