UTC+8 ( BJT)

DAILY: China's rebar price rises for 8th day, sales ebb


On April 21, China's national price of HRB400E 20mm dia rebar grew for the eighth working day, up by another Yuan 6/tonne ($0.9/t) on day to Yuan 5,146/t including the 13% VAT, while spot sales of construction steel including rebar eased by 15% on day, both according to Mysteel's assessments.
On Thursday, the daily trading volume of construction steel also comprising wire rod and bar-in-coil among 237 surveyed trading houses across China lost 27,678 tonnes/day on day to 157,185 t/d.   With the continuous rise in spot rebar prices, end-users adopted a cautious stance of buying. Besides, various COVID-19 containment measures imposed on


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227