DAILY: China rebar price gains $4/t, spot sales ease
Feb 24, 2021 10:30
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On February 23, China’s rebar price nudged up for the fifth consecutive day, with that of the HRB400 20mm dia rebar refreshing its two-year high, gaining another Yuan 26/tonne ($4/t) on day, though the spot sales of construction steel including rebar reversed down 24.8% on day, according to Mysteel’s market surveys.
On Tuesday, China’s national price of HRB400 20mm dia rebar reached Yuan 4,682/t including the 13% VAT, and the spot trading volume of construction steel including rebar, wire rod and bar-in-coil across China’s 237 steel traders dipped 25,130 tonnes/day on day to 75,899 t/d, according to Mysteel’s latest surveys.