DAILY: China rebar price reverses down, trade not strong

China’s national HRB400 20mm dia rebar price reversed down by Yuan 9/tonne ($1.3/t) on day to Yuan 3,793/t including 13% VAT as of June 23, losing losing all the gains over June 19-22, according to Mysteel’s assessment, and the daily trading volume remained largely stable though traders admitted the growing difficulty in receiving payments from the end-users.
China’s daily trading of construction steel consisting of rebar, wire rod and bar-in-coil was 205,508 tonnes/day on Tuesday, reversing up 4,873 t/d or 2.4% on day, according to Mysteel’s survey across 237 Chinese steel traders. “Steel trading was not high enough to offset the growths in supply, and many construction sites


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227