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DAILY: China’s rebar price dips further, sales increase

As of July 2, China's national price of the HRB 400 20mm dia rebar continued the downtrend for the seventh day, decreasing Yuan 3/tonne ($0.4/t) on day to Yuan 3,746/t and including the 13% VAT, according to Mysteel’s data.
Overall, spot sales in the domestic steel market remained lackluster despite Thursday’s slight improvement. Mysteel’s daily survey among237 sampled trading houses across China showed that the trading volume of construction steelcomprisingrebar, wire rod andbar-in-coilcame in at 209,965 tonnes/day as of July 2, rising by 13,671 t/d or 7% on day. Traders were still uncertain about China’s steel


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