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DAILY: China’s rebar price stable, sales strengthen

China’s national price of HRB400 20mm dia rebar reached Yuan 3,812/tonne ($573.3/t) including the 13% VAT as of October 21, with a tiny on-day decline of Yuan 1/t, Mysteel’s data showed. The transactions in the spot market was firm.
The trading volume of long steel comprising rebar, wire rod and bar-in-coil among 237 traders nationwide reversed up 39,882 tonnes/day or 18.1% on day to 260,707 t/d on October 21, Mysteel’s daily survey showed. “The market is still worried about the persistently high construction steel stocks. The restrictions on steelmakers’ operations

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