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DAILY: China’s rebar prices down, sales hover low

China’s price of HRB400 20mm dia rebar inched down Yuan 10/tonne ($1.4/t) on day to Yuan 3,799/t including the 13% VAT as of June 17. In the meantime, transactions concluded in the physical market also remained weak, Mysteel’s data showed.
Also on June 17, the trading volume of rebar, wire rod and bar-in-coil among 237 traders across China monitored by Mysteel stayed low at 190,715 tonnes/day. It fell below the healthy threshold of 200,000 t/d for peak consuming season, although it increased by 1,749 t/d on day, Mysteel’s data showed. In

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