UTC+8 ( BJT)

DAILY: China major steel prices strengthen post-holiday


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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