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WEEKLY SUMMARY: China’s steel prices fall, sales down

ABSTRACT

Chinese steel prices in both spot and futures markets showed signs of declining over June 14-18. Market participants were cautious as Spring-Summer are relatively slack seasons for steel consumption, Mysteel Global noted.
Rebar: China’s national price of the HRB400E 20mm dia rebar under Mysteel’s assessment declined for the second week last week, shedding Yuan 88/tonne ($13.6/t) on week to Yuan 5,126/t including the 13% VAT as of June 18. The daily trading of construction steel including rebar, wire rod and bar-in-coil among the

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