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DAILY: China’s rebar price slips, sales recover

On November 30, China’s rebar price edged down while sales of construction steel reversed up. Chinese steelmakers increased their willingness to produce due to improved margins recently, Mysteel Global understood.
China’s national price of HRB400 20mm dia rebar, a barometer of the domestic steel market movement, declined slightly by Yuan 14/tonne ($2.1/t) from last Friday to Yuan 4,099/t including the 13% VAT as of November 30, returning back to the level below Yuan 4,100/t since November 9, according to Mysteel’s


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