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DAILY: China rebar price retreats further, low sales volume

As of June 16, China’s national price for HRB 400 20mm dia rebar retreated for the sixth consecutive day by Yuan 7/tonne ($1/t) on day to Yuan 3,809/t including 13% VAT. Long steel sales in the spots market remained at a low level.
On the same day, domestic sales volume of long steel products comprising rebar, wire rod and bar-in-coil registered at 188,966 tonnes/day. It remained relatively unchanged from the previous day’s sales of 188,010 t/d, according to Mysteel’s daily transaction report among 237 steel traders. This suggests that long steel buyers were

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