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DAILY: China's rebar price rebounds, but sales down

ABSTRACT

On April 27, China's national price of HRB400E 20mm dia rebar rebounded after four days of softening, up by Yuan 21/t ($3.2/t) to Yuan 5,068/tonne including the 13% VAT, while spot sales of construction steel including rebar slipped 5% on day, both according to Mysteel's assessments.
On Wednesday, the daily trading volume of construction steel also comprising wire rod and bar-in-coil among China's 237 trading houses reversed down by 9,483 tonnes/day to 178,534 t/d, as steel mills were wary of buying due to thinning profit margins they'd earn on finished steel.   By the same day, the Tangshan

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