UTC+8 ( BJT)

DAILY: China rebar price remains uptrend, sales recover

ABSTRACT

On April 20, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment increased for the seventh working day, up by another Yuan 15/tonne ($2.3/t) on day to Yuan 5,140/t including the 13% VAT, and spot sales of construction steel including rebar also rebounded by 9.55% on day.
On Wednesday, the daily trading volume of construction steel also comprising wire rod and bar-in-coil among China's 237 trading houses under Mysteel's tracking recovered by 16,119 tonnes/day to 184,863 t/d, with some end-users fulfilling their replenishment demand.   On the same day, the price of Q235 150mm square billet in North China's

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