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DAILY: China’s rebar price down, sales soften

China’s rebar price declined further on August 27 given the weakening sales as well as the continuous rise in stocks, Mysteel Global noted.
China’s price of HRB400 20mm dia rebar decreased for the second consecutive day, losing another Yuan 5/tonne ($0.7/t) on week to Yuan 3,826/t including the 13% VAT as of August 27, Mysteel’s data showed. The trading volume of rebar, wire rod and bar-in-coil among 237 domestic traders softened further by 8,052

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