UTC+8 ( BJT)

DAILY: China major steel prices strengthen post-holiday

ABSTRACT

On May 5, the first working day after China's Labour Day holiday, the national HRB400E 20mm dia rebar price under Mysteel's assessment continued trending upwards by another Yuan 51/tonne ($7.7/t) from April 29 to Yuan 5,142/t including the 13% VAT, suggesting the improvement in market sentiment.
On Thursday, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among 237 Chinese traders under Mysteel's tracking reversed down by 2,233 tonnes/day or 1.1% from April 29 to 201,688 t/d, though the volume was above the threshold of 200,000 t/d for the second working day.   The

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