DAILY: China's steel prices decline further, sales low

ABSTRACT

On May 9, China's national price of HRB400E 20mm dia rebar eased for the third assessment day by another Yuan 50/tonne ($7.4/t) on day to Yuan 5,020/t including the 13% VAT, and spot sales of construction steel including rebar, wire rod and bar-in-coil among China's 237 trading houses reversed down by 501 tonnes/day or 0.4% on day to 141,870 t/d, both according to Mysteel's assessments.