UTC+8 ( BJT)

DAILY: China’s steel price stabilises, sales average

China’s national price of HRB400 20mm dia rebar has been hovering at Yuan 3,830-3,840/tonne ($554.3-555.7/t) this week. It reversed up Yuan 2/t on day to Yuan 3,835/t including the 13% VAT on Tuesday. Steel trading came in at an average level on Monday.
On August 25, the trading of construction steel comprising of rebar, wire rod and bar-in-coil was 199,142 tonnes/day, down 42,988 t/d or 17.8% on day, and it was below the 200/000 t/d threshold which indicates active trading, according to Mysteel’s daily monitor across 237 steel traders nationwide. “The wait-to-see sentiment is

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