UTC+8 ( BJT)

DAILY: China rebar price dips to 1.5-mth low, sales up


On October 26, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment declined to a new low since September 10, or down for the 12th working day by another Yuan 23/tonne ($3.6/t), though spot sales of construction steel including rebar had been seesawing, reversing up 26.9% on day, indiciating the fluctuation in steel consumption and market sentiment swings.
On Tuesday, the rebar price softened to Yuan 5,512/t including the 13% VAT, and spot trading volume of construction steel also comprising wire rod and bar-in-coil among China's 237 traders under Mysteel's tracking picked up 43,314 tonnes/day on day to 204,360 t/d, or the highest since October 11.   By October 26,


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