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DAILY: China’s rebar price up, sales gain further


On September 27, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment gained Yuan 22/tonne ($3.4/t) on day after a one-day stability, and spot sales of construction steel increased by 14.1% on day partly due to some replenishment needs among the end-users and traders ahead of the long National Day holiday over October 1-7.
On Monday, the rebar price rose to Yuan 5,773/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 grew by 32,516 tonnes/day on day to 262,675 t/d, which had been a new high since


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