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DAILY: China rebar price eases, spot sales rebound

ABSTRACT

On October 13, Mysteel’s assessments showed that China’s national price of HRB400E 20mm dia rebar declined for the third working day by Yuan 77/tonne ($12/t) on day, though spot sales of construction steel including rebar rebounded after three working days of declines, up by 35.4% on day, indicating the market sentiment had yet been settled.
On Wednesday, the rebar price was assessed at Yuan 5,899/t, which was in line with the drop in the Q235 150mm billet price in North China’s Tangshan for the second dayby another Yuan 50/t on day to Yuan 5,250/t EXW, both including the 13% VAT and according to Mysteel’s assessments,

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