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DAILY: China rebar price up for 5th day, sales ebb


On September 23, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment gained for the fifth working day though at a slower pace of Yuan 24/tonne ($3.7/t), as output and stocks had been declining, but spot sales of construction steel wavered, reversing from two working days of gains, down 24.9% on day.
On Thursday, the rebar price was assessed at Yuan 5,778/t, and the Tangshan Q235 150mm square billet price in North China’s Hebei province, a barometer of the country’s spot steel sentiment, stayed flat forthe third day at Yuan 5,230/t EXW, both including the 13% VAT and according to Mysteel’s assessment. On


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