UTC+8 ( BJT)

DAILY: China’s rebar price up further, sales recede

China’s price of HRB400 20mm rebar increased for the second working day by another Yuan 6/tonne ($0.9/t) on day to Yuan 3,864/t including the 13% VAT as of September 1, but the trading volume in the spot market slumped, according to Mysteel’s daily tracking.
The trading volume of rebar, wire rod and bar-in-coil among 237 traders across the country fell on September 1 after having climbed up for two days, down 57,269 tonnes/day or 21.4% on day to 210,634 t/d on September 1, though still above the threshold of 200,000 t/d, a level in

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