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WEEKLY SUMMARY: China rebar, HRC prices reverse down

China’s prices of rebar and hot-rolled coil (HRC) reversed down over September 7-11, as the market optimism was dampened moderately on lower-than-expected actual demand, Mysteel Global noted.
Rebar: China’s price of HRB400 20mm dia rebar reversed down Yuan 41/tonne ($6/t) on week to Yuan 3,824/t including the 13% VAT as of September 11, as the demand from the end-users had not significantly recovered as expected, and the trading volume of rebar and wire rod averaged 223,941 tonnes/day


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