UTC+8 ( BJT)

DAILY: China rebar price stabilizing, sentiment settles


On November 19, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment kept unchanged on day at Yuan 4,716/tonne ($739/t) including the 13% VAT, taking a breath from four assessment days of declines, and market sentiment settled a bit on noting the rebound in the steel futures prices.
Last Friday, the most-popular May 2022 rebar contract on the Shanghai Futures Exchange closed the daytime trading session at Yuan 3,974/t, or having reversed up Yuan 143/t from the settlement price on the prior day.   On November 19, the spot trading volume of rebar, wire rod and bar-in-coil among China's 237


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