UTC+8 ( BJT)

DAILY: China’s rebar price slips, spot sales recover

ABSTRACT

China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment declined for the sixth working day on June 22, down another Yuan 70/tonne ($10.8/t) on day to Yuan 4,984/t including the 13% VAT, or having below the Yuan 5,000/t threshold after 2.5 months, as both spot demand and market sentiment had been tepid.
On Tuesday, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among China’s 237 traders under Mysteel’s survey rebounded form the previous day’s drop, up 19,984 tonnes/day or 12.4% on day to 180,938 t/d, though still a low level as the spot market has entered a

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