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DAILY: China rebar price slips further, sales recover

China’s rebar prices in spot market declined further on November 26 on the overall dampened market sentiment with the cold weather enveloping most parts of China, though the daily construction steel trading volume recovered modestly, Mysteel Global noted.
China’s price of HRB400 20mm dia rebar price decreased for the third day by another Yuan 14/tonne ($2.1/t) on day to Yuan 4,107/t including the 13% VAT as of November 26, while the trading volume of construction steel comprising rebar, wire rod and bar-in-coil among 237 Chinese trading houses reversed


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