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

ABSTRACT

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

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