UTC+8 ( BJT)

DAILY: China's rebar price down again, but sales improve

ABSTRACT

On May 13, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment slipped for the second day to Yuan 4,956/tonne ($730/t) including the 13% VAT, down another Yuan 21/t on day to hit the lowest since March 21, though transaction in the physical market improved somewhat with the slight recovery in steel futures prices.
On Friday, the daily trading volume of construction steel comprising rebar, wire rod and bar-in-coil among 237 Chinese trading houses under Mysteel's tracking reached 156,131 tonnes/day, up 33,161 t/d from the prior day.   On the same day, the most-traded rebar October contract on Shanghai Futures Exchange closed the daytime trading session

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