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DAILY: China’s rebar price down further, sales recover

ABSTRACT

On June 17, China’s national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 5,136/t ($797/t) including the 13% VAT, or down for the third straight day by another Yuan 28/t on day, while spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking recovered by 20.7% on day after two days of softening.
On Thursday, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among the surveyed traders rebounded 32,688 tonnes/day on day to 190,820 t/d, according to Mysteel’s survey, with the trading volume includes the deals between traders or traders to the end-users. As of June 17, Tangshan Q235

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