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DAILY: China's rebar price edges up, sales down further

ABSTRACT

As of January 14, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment edged up further to Yuan 4,783/tonne ($753/t) including the 13% VAT, gaining another Yuan 6/t on day, while spot trading of construction steel continued slipping due to thinning demand from end-users.
Last Friday, the trading volume of construction steel comprising rebar, wire rod and bar-in-coil among the 237 Chinese steel traders under Mysteel's survey fell to 93,621 tonnes/day, down for the fifth consecutive day by another 13,226 t/d or 12.4% from the previous day.   The persistently weakening steel demand is within market

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