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DAILY: China’s rebar price inches up, sales remain strong

China’s national price for HRB 400 20mm dia rebar price increased mildly by another Yuan 6/tonne ($0.9/t) on day to Yuan 3,757/t including 13% VAT as of July 6, according to Mysteel’s daily report. It is mainly thanks to the continuing strong market sales of long steel.
On the same day, domestic sales volume of rebar, wire rod and bar-in-coil among 237 sampled traders which Mysteel tracks regularly retreated 17,727 tonnes/day or 6.9% on day to 242,354 t/d. It has been above 200,000 t/d for three consecutive days oras a Shanghai-based ferrous analyst puts it, “a decent

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