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DAILY: China rebar price, spot sales both ease


On April 28, China’s national HRB400E 20mm rebar price, according to Mysteel’s assessment, lost some steam after six working days of increases, down Yuan 13/tonne ($2/t) on day to Yuan 5,230/t including the 13% VAT, and daily trading of construction steel among the 237 traders under Mysteel’s tracking also reversed down 7.4% on day, though market sentiment remained steady.
On Wednesday, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among the Chinese traders, after two days of increases, eased 19,093 tonnes/day on day to 239,344 t/d, partly as the market had shown signs of cooling with the imminent Labour Day holiday over May 1-5. By


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