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DAILY: China rebar price down 8th day, spot sales slump

ABSTRACT

On October 20, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment fell for the eighth working day by another Yuan 28/tonne ($4.4/t) on day, and the spot sales of construction steel including rebar reversed after two days of gains too, slumping by 30.4% on day, indicating the market cautiousness among all the uncertainties.
On Wednesday, the rebar price was assessed at Yuan 5,792/t, and China's longs prices had not been able to borrow much support from semis either, as on the same day, the Q235 150mm square billet price in North China's Tangshan, subsided from a one-day recovery, down Yuan 50/t on day

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