UTC+8 ( BJT)

DAILY: China’s rebar price strengthens, sales soften

China’s rebar price reversed up on November 27 after three consecutive days of reduction, and long steel sales also eased. The Tangshan Q235 150mm square billet price retreated through the weekend although prices have been largely rangebound for the past week, Mysteel noted.
As of November 27, China’s national price of HRB400 20mm dia rebar, an indicator of the domestic steel market development, had seen a price rally by Yuan 6/tonne ($0.9/t) on day to Yuan 4,113/t including the 13% VAT, after slipping for three working days, Mysteel’s data showed. Last Friday, the daily


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227