UTC+8 ( BJT)

DAILY: China’s rebar price at 4-month high

ABSTRACT

On September 22, China’s national price of HRB400E 20mm dia rebar assessed by Mysteel climbed up to its four-month high of Yuan 5,754/tonne ($892/t) including the 13% VAT, or up for the fourth working day by Yuan 86/t, as demand had been recovering while output had been declining, and spot sales of construction steel had been growing slowly and gradually, up another 0.7% on day.
As of Wednesday, the daily construction steel trading volume among China’s 237 traders under Mysteel’s tracking showed that the tonnage including rebar, wire rod and bar-in-coil was totaled 232,260 tonnes, up for the second working day by another 1,639 t/d on day. The spot trading volume had stayed above 200,000 t/d

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