DAILY: China’s construction steel sales refresh 10-m low

On January 13, the spot sales of construction steel in China including rebar, wire rod and bar in coil refreshed its low in over 10 months, down another 4.2% on day, and China’s national rebar price also declined for the third working day by Yuan 18/tonne ($2.8/t), Mysteel Global noted.

On Wednesday, the daily trading volume of these construction steel products among China’s 237 steel traders dipped 5,592 tonnes/day on day to 127,765 t/d, or down for the fourth day, and the national price of HRB400 20mm dia rebar fell further to Yuan 4,372/t including the 13% VAT, according