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DAILY: China’s rebar price inches up, sales down

China’s price of HRB400 20mm rebar inched up Yuan 5/tonne ($0.7/t) from September 11 to reach Yuan 3,829/t including the 13% VAT as of September 14, Mysteel’s data showed. Actual transactions in the spot market reversed down slightly on Monday.
The trading volume of rebar and wire rod among 237 traders across China declined 9,059 tonnes/day or 3.4% from last Friday to 257,236 t/d on September 14, however, it was still at a relatively high level, according to Mysteel’s daily survey. The downstream demand in East and South China saw signs

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