DAILY: China’s rebar price firm, trading stable

Both the price and trading of China’s rebar were stable on Wednesday but market sentiment remained cautious. China’s HRB400 20mm dia rebar price was assessed by Mysteel at Yuan 3,681/tonne ($519.2/t) including the 13% VAT as of May 13, down slightly by Yuan 1/t on day.
Mysteel’s daily monitor of construction steel comprising rebar, wire rod and bar-in-coil showed that the trading volume totalled 224,909 t/d on Wednesday, up by 1,300 t/d or less than 1% on day, the survey across 237 Chinese steel traders nationwide showed. Both the price and trading have been pretty much hovering


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