UTC+8 ( BJT)

DAILY: China’s rebar price down, spot sales ease

ABSTRACT

On October 11, China’s national price of HRB400E dia rebar slipped by Yuan 4/tonne ($0.6/t) on day to Yuan 6,035/t and including the 13% VAT, according to Mysteel’s assessment, bringing an end to the steady rise seen over the prior six working days.
As of October 11, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among the 237 Chinese traders under Mysteel’s tracking declined for the second working day, plunging by 38,874 tonnes/day or 18.4% to reach 172,441 t/d – well below the 200,000 t/d threshold. Market watchers

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