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DAILY: China’s rebar price and spot steel sales both up

ABSTRACT

On September 16, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment reversed from two days of declines, up Yuan 45/tonne ($7/t) on day, and the spot sales of construction steel including rebar grew for the third day by another 11.3% on day, as market confidence strengthened on declines in both steel stocks and steel output.
On Thursday, the rebar price was assessed at Yuan 5,602/t, and the Tangshan Q235 150mm square billet price in North China’s Hebei province, a barometer of the country’s spot steel market sentiment, also strengthened after two days of stability, up Yuan 20/t on day to Yuan 5,240/t EXW, both including

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