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DAILY: China’s rebar price falls further, sales up


China’s national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 4,973/tonne ($768/t) including the 13% VAT on June 23, down by Yuan 11/t on day and declining for a seventh straight day. Prices are now approaching early April levels.
On Wednesday, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among the 237 Chinese traders under Mysteel’s tracking grew for the second working day, jumping by 41,778 tonnes/day or 23.1% on day to 222,716 t/d. Sources suggested the healthy rise in trading volume was most


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