DAILY: China rebar price largely stable, sales ebb
Jan 19, 2021 10:30
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On January 18, China’s rebar price inched up for the second working day by another Yuan 3/tonne ($0.5/t) from last Friday, while the daily sales of construction steel including rebar, wire rod and bar-in-coil had been fluctuating, and it reversed down 9.5% from last Friday again on Monday, Mysteel Global noted.
On Monday, China’s national price of HRB400 20mm dia rebar edged up to Yuan 4,360/t including the 13% VAT, while the spot trading volume of construction steel among China’s 237 steel traders eased by 15,453 tonnes/day from last Friday to 147,550 t/d, according to Mysteel’s surveys.
Meanwhile, China’s rebar price has