UTC+8 ( BJT)

DAILY: China's major steel prices spike post-holiday

ABSTRACT

On February 8, China's national price of the HRB400E 20mm dia rebar soared for the second working day after the Chinese New Year (CNY) holiday, up Yuan 73/tonne ($11.5/t) on day to Yuan 4,965/t including the 13% VAT, or refreshing a three-month high, according to Mysteel's assessment.
On the same day, the Tangshan Q235 150mm square billet price in North China's Hebei province under Mysteel's survey, also touched its three-month high by gaining another Yuan 70/t on day to Yuan 4,670/t EXW including the VAT.   Many Chinese steel producers had continuously lifted their rebar ex-works prices after the

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