UTC+8 ( BJT)

DAILY: China rebar price peaks since assessment


On May 8, a make-up workday in China after the Labour Day holiday, the country’s national HRB 400E 20mm rebar price soared Yuan 162/tonne ($25/t) to a new high since Mysteel commenced the assessment on March 3 2011, and spot sales of construction steel among the 237 traders under Mysteel’s tracking recovered 2.5% on day.
As of May 8, the rebar price strengthened for the fifth assessment day, reaching Yuan 5,767/t including the 13% VAT, and the daily trading volume of construction steel comprising rebar, wire rod and bar-in-coil among traders gained 6,987 tonnes/day on day to 287,509 t/d. The robust steel demand and the ever-rising


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