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DAILY: Both China rebar price and spot sales soften


On April 12, China’s national HRB400E 20mm dia rebar price fell for the third working day and at a faster pace of Yuan 48/tonne ($7.3/t) from last Friday, and the spot sales of construction steel including rebar slipped for the second day at a higher rate of 10.7% from April 9, both according to Mysteel’s surveys.
On Monday, the rebar price was assessed at Yuan 5,068/t including the 13% VAT, and the trading volume of construction steel also including wire rod and bar-in-coil among China’s 237 steel traders under Mysteel’s tracking lost 25,586 tonnes/day from last Friday to 212,429 t/d, a reasonable level for robust season,


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