UTC+8 ( BJT)

DAILY: China rebar price refreshes 4-month high

ABSTRACT

On September 28, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment reached a new high since May 18, or up for the second working day by Yuan 41/tonne ($6.3/t), and spot trading of construction steel held rather high, down but merely 0.6% on day, indicating robustness in the spot market before the National Day holiday over October 1-7.
On Tuesday, the rebar price increased to Yuan 5,814/t and including the 13% VAT, which was still Yuan 534/t lower than the record high on May 12, and the spot trading volume of construction steel also comprising wire rod and bar-in-coil among China's 237 traders under Mysteel's tracking eased 1,689

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