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WEEKLY SUMMARY: China steel prices up, demand steady

China’s steel prices continued to increase over May 11-15 given the stable demand as well as the declining stocks, though the rapidly rising production weighed on market sentiment, limiting the degree of price increases.
Rebar: China’s national average price of HRB 400 20mm dia rebar moved up Yuan 11/tonne ($1.5/t) on week to Yuan 3,691/t including the 13% VAT as of May 15, according to Mysteel’s data, as stocks reduced further with the firm demand from the domestic end-users. The most-traded October rebar contract on

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