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DAILY: China rebar price trends down, sales rebound

China’s national price for HRB 400 20mm dia rebar dipped for the sixth straight day by another Yuan 9/tonne ($1.3/t) on day to Yuan 3,824/t including 13% VAT as of September 11, according to Mysteel’s daily price tracker.
On the same day, the country’s sales volume of major long steel products comprising rebar, wire rod and bar-in-coil among 237 sampled steel traders rebounded by a notable 37.4% on day to 266,295 tonnes/day, a highest level since August 3, according to Mysteel’s daily transaction report. The most-traded rebar’s contract on

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