UTC+8 ( BJT)

DAILY: China’s rebar price strengthens, trading moderate

China’s national price of HRB400 20mm dia rebar strengthened further on Tuesday, up another Yuan 9/tonne ($1.3/t) on day to Yuan 3,852/t including the 13% VAT. However, trading retreated after the latest price increase and the sales nationwide were at a moderate level.
On Tuesday, trading volume of construction steel consisting of rebar, wire rod and bar-in-coil totaled 221,992 tonnes/day, down 39,809 t/d or 15.2% on day, according to Mysteel’s daily survey across 237 Chinese steel traders nationwide. However, trading volume still remained above the 200,000 t/d threshold which indicates active trading. “Although new

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