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DAILY: China's rebar price rises further, sales improve


On April 18, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment grew further for the fifth working day though at a slower pace of just Yuan 1/tonne ($0.2/t) on day. Meanwhile, spot sales of construction steel including rebar continued to increase by 20.75% on day, as some end-users had to fulfill their replenishment needs despite the recent price increment.
On Monday, China's domestic rebar price stood at Yuan 5,116/t and including the 13% VAT, and the daily trading volume of construction steel also comprising wire rod and bar-in-coil among 237 Chinese trading houses under Mysteel's tracking headed north by another 35,566 tonnes/day to 206,957 t/d.   In tandem with rising spot


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