UTC+8 ( BJT)

DAILY: China rebar price gains further, sales recover

ABSTRACT

On September 18, a make-up working day in China, the country’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment grew for the third working day and at a faster pace of Yuan 62/tonne ($9.6/t), and spot sales of construction steel also recovered by 13.7% on day, as some end-users replenished some quantities despite the recent price rises.
Last Saturday, the rebar price reached Yuan 5,668/t and including the 13% VAT, and the spot trading of construction steel also comprising wire rod and bar-in-coil among China’s 237 traders under Mysteel’s tracking rebounded by 27,731 tonnes/day on day to 230,621 t/d. The daily steel trading volume stayed above the 200,000

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