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WEEKLY SUMMARY: China’s rebar, HRC prices dip further

The prices of both rebar and hot-rolled coil (HRC) in China’s physical market declined further over September 14-18, as the domestic steel production remained stable while the demand recovery was below the expectation, Mysteel Global noted.
Rebar: China’s price of HRB400 20mm dia rebar lost Yuan 29/tonne ($4.3/t) on week to Yuan 3,795/t including the 13% VAT as of September 18, Mysteel’s data showed, as the spot steel trading volume decreased from the previous week, against the market expectation of a robust September. The trading volume of

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