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DAILY: China’s rebar price softened further, trading up

China’s national HRB400 20mm dia rebar price assessed by Mysteel continued to decline for the fourth day on June 12. It inched down another Yuan 5/tonne ($0.7/t) on day to Yuan 3,822/t including the 13% VAT. Steel trading improved markedly with the weather in the south part of China turning for the better last Friday.
On June 12, trading volume of construction steel comprising of rebar, wire rod and bar-in-coil was 252,109 tonnes/day, up 61,209 t/d or by a significant 32.1% on day, according to Mysteel’s daily survey across 237 steel traders nationwide. “Demand from end users was poor early last week under the impact of

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