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DAILY: China’s rebar price down, sales remain strong

China’s national price for HRB 400 20mm dia rebar which Mysteel assesses regularly inched down another Yuan 7/tonne ($1/t) on day to Yuan 3,783/t including 13% VAT as of June 28, a working day in China after the Dragon Boat Festival holiday.
However, the short break did not post much impact on the long steel transactions with sales volume of rebar, wire rod and bar-in-coil among 237 sampled steel traders across China going strong at 202,148 tonnes/day. Although it reversed down 5.3% on day, it is still 13.3% higher than last year,

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