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DAILY: China’s rebar price down, trading softens

China’s price of HRB400 20mm dia rebar lost Yuan 20/tonne ($3/t) on day to Yuan 4,154/t including the 13% VAT as of November 24, Mysteel’s data showed, the first on-day decline since November 17. Actual sales weakened drastically amid temperature drops.
The trading volume of construction steel comprising rebar, wire rod and bar-in-coil among 237 traders across China declined for the third day by another 4,771 tonnes/day or 2.6% on day to 176,602 t/d as of November 24, Mysteel’s survey showed. This was the second day that the trading volume stayed


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