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DAILY: China’s rebar price dips, sales increase further

China's national price of the HRB 400 20mm dia rebar, a bellwether of the domestic steel-market sentiment, continued its downtrend to reach Yuan 3,795/tonne ($561/t) including the 13% VAT as of September 18, losing a slight Yuan 1/t on day, according to Mysteel’s data.
Long steel sales in the physical market improved further last Friday, as some end-users returned to the market to stock up before the weekend, Mysteel Global notes. Mysteel’s daily surveyamongthe237 sampled trading houses across Chinashowed that as ofSeptember 18, daily trading volume of construction steelcomprisingrebar, wire rod andbar-in-coil came in at 236,952tonnes/day. The tonnage grew for the


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