DAILY: China rebar price continues dipping, trade up
Sep 18, 2020 10:30
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China’s national average HRB400 20mm dia rebar price slipped for the third day as of September 17, down another Yuan 10/tonne ($1.5/t) on day to Yuan 3,796/t including the 13% VAT, and the slight recovery in trading and depletion of inventories seemed to have failed to ease the current pessimism, Mysteel Global understands.
On Thursday, the trading volume of construction steel comprising rebar, wire rod and bar-in-coil totalled 212,218 tonnes/day, up 25,024 t/d or 13.4% on day, or having returned to the healthy average of 200,000 t/d after having hovering below the level for the prior two days, according to Mysteel’s survey across