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DAILY: China’s rebar price softens, sales improve

As of December 2, China’s rebar price in the spot market slid for the third consecutive day, although the daily trading volume moved up modestly, Mysteel Global understands.
China’s national price of HRB400 20mm dia rebar edged down Yuan 3/tonne ($0.5/t) on day to Yuan 4,076/t including the 13% VAT on December 2, while the daily trading volume of construction steel including rebar, wire rod and bar-in-coil across 237 China’s trading houses rallied to 195,549 tonnes/day, up 17,436

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