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

China’s national HRB400 20mm dia rebar price assessed by Mysteel continued to inch down for the third day, dipping another Yuan 10/tonne ($1.4/t) on day to Yuan 3,794/t including the 13% VAT as of July 28. On the other hand, sales improved after a short-lived decline.
The trading volume of construction steel including rebar, wire rod and bar-in-coil returned to above the 200,000 tonnes/day healthy demand threshold, suggesting active trading. Trading volume was assessed at 207,504 t/d, up another 14,474 t/d or 7% on day, Mysteel’s survey across 237 Chinese steel traders showed. “Arrivals of products at

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