DAILY: China rebar price slides further, trade falls
Jun 30, 2020 10:30
See Full-size Table Here
China’s national price of HRB400 20mm dia rebar declined further and at a faster pace on Monday, down Yuan 19/tonne ($2.7/t) from last Friday to Yuan 3,764/t including the 13% VAT as of June 29. Steel trading retreated markedly amid continuous rainfalls in South and East China.
The trading volume of constructions steel comprising rebar, wire rod and bar-in-coil was assessed at 176,094 tonnes/day on Monday. It hit a 3-month low and was way below the average trading level of 200,000 t/d, according to Mysteel’s survey across 237 Chinese steel traders nationwide.
The cool down in trading was