UTC+8 ( BJT)

DAILY: China's rebar price up further, sales ease

ABSTRACT

On October 9, a make-up working day in China after the National Day holiday, the country's national price of HRB400E 20mm dia rebar, under Mysteel's assessment, refreshed its new high since May 17 to reach Yuan 6,039/tonne ($937/t) and including the 13% VAT, or up by Yuan 16/t from last Friday and increasing for a sixth working day.
The daily trading volume of construction steel including rebar, wire rod and bar-in-coil among the 237 Chinese traders under Mysteel's tracking fell by 41,015 tonnes/day or 16.3% on October 9 – after a huge on-day rally of 47.3% on Friday – to reach 211,315 t/d. This was still a reasonable

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