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DAILY: China’s rebar price up again, sales remain robust

China's national price of the HRB 400 20mm dia rebar, a bellwether of the domestic steel market’s sentiment, continued growing for the fourth working day on July 8 by another Yuan 21/tonne ($3/t) on day, reaching Yuan 3,784/t including the 13% VAT, Mysteel’s data showed.
Transactions in the spot market remained robust on the same day, with the daily trading volume of construction steel comprisingrebar, wire rod andbar-in-coilincreasing by 5,373 t/d on day to 260,507 tonnes/day, according to Mysteel’s daily survey among237 sampled trading houses across China. Sentiments in the domestic steel market improved, as encouraged by the strong financial and

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