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DAILY: China rebar price eases, spot sales grow


On October 14, Mysteel’s assessments showed that China’s national price of HRB400E 20mm dia rebar declined for the fourth working day though at a slower pace of Yuan 16/tonne ($2.5/t) on day, while spot sales of construction steel including rebar grew for the second day by 9.6% on day, indicating more buying with prices now below Yuan 6,000/t threshold again.
On Thursday, the rebar price eased to Yuan 5,883/t, as rebar supply grew with the resumption of productionor ramp-up in outputamong Chinese steel mills on relieved power rationing, and the Q235 150mm billet price in North China’s Tangshan stayed unchanged for the second day at Yuan 5,250/t EXW, both including


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