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DAILY: China’s rebar price dips, sales strengthen

China’s price of HRB400 20mm dia rebar was assessed at Yuan 3,861/tonne ($565.3/t) including the 13% VAT as of September 7 after inching down Yuan 4/t from last Friday. The slight drop in price boosted sales marginally, Mysteel Global noted.
The trading volume of rebar, wire rod and bar-in-coil among 237 traders across China increased 32,549 tonnes/day or some 15.3% from last Friday to 245,474 t/d as of September 7, Mysteel’s data showed. The downward correction seen in rebar futures prices had moderately dampened the market sentiment. The most-traded January rebar

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