NOTE: There will be no news updates on June 14 due to China's Dragon Boat Festival.
UTC+8 ( BJT)

DAILY: China construction steel sales jump 22%, price up

ABSTRACT

On April 29, China’s daily trading of construction steel among 237 traders under Mysteel’s tracking rebounded 21.8% on day, and the national HRB400E 20mm rebar price, according to Mysteel’s assessment, recovered quickly from one-day drop, up Yuan 10/tonne ($1.5/t) on day to Yuan 5,240/t including the 13% VAT, indicating market sentiment, after the short wavering, stayed positive.
On Thursday, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among these Chinese trading houses totalled 291,620 tonnes/day, or surging 52,276 t/d on day, as more construction sites replenished steel stocks at the last minute ahead of the Labour Day holiday over May 1-5, market

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