UTC+8 ( BJT)

DAILY: China rebar price dips, spot steel sales up

On February 24, China’s rebar price took a pause from the rises since February 18, inching down Yuan 9/tonne ($1.4/t) but still persisting at a two-year high, and the spot sales of construction steel including rebar on the same day rebounded 13.6% on day, Mysteel’s surveys showed.
On Wednesday, China’s national price of HRB400 20mm dia rebar reached Yuan 4,673/t including the 13% VAT, and the spot trading volume of construction steel including rebar, wire rod and bar-in-coil among China’s 237 steel traders bounced back by 10,326 tonnes/day on day to 86,225 t/d, according to Mysteel’s monitoring,

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