UTC+8 ( BJT)

DAILY: China rebar price eases, spot sales grow

ABSTRACT

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

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227