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DAILY: China’s rebar price dips further, trade shrinks

On December 3, China’s rebar price saw four days of decline in a row with construction steel sales reversing down as traders was less active in concluding deals, Mysteel Global noted.
China’s national price of HRB400 20mm dia rebar continued its downtrend by falling Yuan 15/tonne ($2.3/t) on day to Yuan 4,061/t including the 13% VAT as of December 3. The daily trading volume of construction steel including rebar, wire rod and bar-in-coil across 237 China’s sampled traders reached 168,650 tonnes/day,

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