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WEEKLY SUMMARY: China rebar price down, HRC price up

In China’s spot steel market, the price of rebar declined in reaction to the softening in demand in winter, while that of hot-rolled coil (HRC) increased due to the resilience in demand, Mysteel Global noted.
Rebar: China’s price of HRB400 20mm dia rebar reversed down Yuan 61/tonne ($9.3/t) on week to Yuan 4,113/t including the 13% VAT as of November 27, according to Mysteel’s assessments, as the spot sales fell on temperature drops across China. Spot trading volume of construction steel including rebar among China’s 237


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