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DAILY: China billet, rebar prices down on poor trading

ABSTRACT

Both the Tangshan Q235 150mm square billet price and China’s national price of HRB400E 20mm dia rebar fell in Mysteel’s latest assessment, with the former down Yuan 50/tonne ($7.8/t) on October 17 against last Friday, and the latter down Yuan 2/t on day on October 15, both due to poor trading, according to market sources.
The billet price fell to Yuan 5,200/t EXW as of October 17after remaining unchanged over October 13-15, and the rebar price softened for the fifth consecutive working day as of last Friday to Yuan 5,881/t, both including the VATand according to Mysteel’s assessment. “(Billet) sales were very poor over the weekend,

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