UTC+8 ( BJT)

DAILY: China’s rebar price eases, spot sales up

ABSTRACT

China’s national price of HRB400E 20mm dia rebar declined for the second day on September 15, according to Mysteel’s assessment, edging down by Yuan 18/tonne ($2.8/t) from Tuesday to Yuan 5,557/t including the 13% VAT. Market sources noted that rebar futures prices on the Shanghai Futures Exchange (SHFE) dipped yesterday and that some mills trimmed ex-works prices.
In line with the decline in spot steel prices, the SHFE’s most-traded January 2022 rebar contract declined for the third trade day on September 15, down Yuan 80/t or 1.43% from Tuesday’s settlement price to reach Yuan 5,518/t when the daytime trading session closed. On Wednesday, lower steel prices encouraged end-users

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