UTC+8 ( BJT)

DAILY: China's rebar price dips despite a spike in sales

ABSTRACT

China's national price of HRB400E 20mm dia rebar under Mysteel's assessment declined for the fourth working day on April 26, down Yuan 13/tonne ($2/t) on day to Yuan 5,047/t including the 13% VAT, despite a 33.4% on-day surge in spot sales of construction steel.
On Tuesday, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among 237 steel traders Mysteel monitors totalled 188,017 tonnes/day, or up for the second working day by another 47,048 t/d, as end-users stocked up some quantities to fulfil their needs with the approaching Labour Day

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