NOTE: There will be no news and data updates over January 31-February 4 due to the Chinese New Year holiday.
UTC+8 ( BJT)

DAILY: China's rebar price hits 1-month low, sales poor

ABSTRACT

On December 28, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment touched a one-month low of Yuan 4,765/tonne ($748/t) including the 13% VAT, or having decreased for the sixth working day by another Yuan 31/t, and spot trading of construction steel including rebar perched low despite an on-day recovery of 5.4%.
On Tuesday, the daily trading volume of construction steel also comprising wire rod and bar-in-coil among the 237 Chinese traders under Mysteel's survey reversed up 7,348 tonnes/day on day to 143,435 t/d, though demand from end-users continued to soften towards the year-end and amid falling temperatures in cold winter months.   On

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