DAILY: China’s construction steel sales jump 54%
Feb 26, 2021 10:30
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On February 25, China’s spot sales of construction steel including rebar, wire rod and bar-in-coil jumped 53.5% on day, and the domestic rebar price appeared rather firm, or having recovered Yuan 9/tonne ($1.4/t) on day, Mysteel’s surveys showed.
On Thursday, China's spot trading volume of construction steel among China’s 237 steel trading houses soared up 46,117 tonnes/day to 132,342 t/d, and thecountry's national price of HRB400 20mm dia rebar was assessed at Yuan 4,682/t including the 13% VAT, according to Mysteel’s monitoring.
The resilience of the rebar price was