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DAILY: China’s rebar price on uptrend, sales retreat

China’s national price of HRB 400 20mm dia rebar moved up another Yuan 4/tonne ($0.6/t) on day to Yuan 3,820/t including 13% VAT as of July 14, according to Mysteel’s assessment. It has been on an uptrend since July 2.
On the same day, domestic sales volume of long steel products comprising rebar, wire rod, bar-in-coil among 237 sampled Chinese steel traders retreated 22.5% on day to 197,027 tonnes/day. Sales volume fell below the 200,000 t/d threshold for the first time since June 29, according to Mysteel’s daily report. “Although sales

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