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DAILY: China's rebar price ebbs to 1.5-m low, sales poor

ABSTRACT

On May 10, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment decreased for the fourth working day by another Yuan 51/tonne ($7.6/t) on day to touch a 1.5-month low of Yuan 4,969/t including the 13% VAT, largely due to bearish market sentiment amid the country's frequent resurgence of COVID-19 cases.
On Tuesday, the daily trading volume of construction steel including rebar, wire rod and bar-in-coil among 237 Chinese traders under Mysteel's tracking eased for the second working day by 4,098 tonnes/day or 2.9% on day to 137,772 t/d.   On the same day, the Tangshan Q235 150mm square billet price in North

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