DAILY: China rebar price dips, sales down to 10-m low
Jan 20, 2021 10:30
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On January 19, China’s rebar price reversed down by Yuan 10/tonne ($1.5/t), and the daily sales of construction steel including rebar, wire rod and bar-in coil fell to its 10-month low of 111,295 tonnes/day, Mysteel global noted.
On Tuesday, China’s national price of HRB400 20mm dia rebar dropped to Yuan 4,350/t including the 13% VAT, while the trading volume of construction steel among China’s 237 steel traders slumped by 36,255 tonnes/day or 24.5% on day, according to Mysteel’s surveys.
Meanwhile, China’s rebar price has been losing steam, as