WEEKLY SUMMARY: China steel prices stay on uptrends
Nov 23, 2020 10:45
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China’s prices of rebar and hot-rolled coil (HRC) in physical market had been strengthening since the end of October, though the demand in some regions especially Northeast China softened amid the freezing weather, Mysteel Global noted.
Rebar: China’s HRB400 20mm dia rebar price increased for the sixth ever after the National Day holiday over October 1-8, gaining another Yuan 59/tonne ($9/t) on week week over November 16-20 to Yuan 4,174/t including the 13% VAT as of November 20, Mysteel’s data showed.
The rains and snowfalls in the