UTC+8 ( BJT)

DAILY: China’s rebar price eases, sales drop

ABSTRACT

China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment declined to an almost three-month low after eight working days of softening as of June 24, down another Yuan 5/tonne ($0.8/t) on day to Yuan 4,968/t including the 13% VAT, as the market sentiment stayed subdued on thinning spot trading.
On Thursday, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among the 237 Chinese traders under Mysteel’s tracking headed south again after two days of rises, down 60,076 tonnes/day or 27% on day to 162,640 t/d. The hot and humid summer with recent rainfall in Northwest,

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