UTC+8 ( BJT)

DAILY: China's rebar price dips 4th day, sales ease

ABSTRACT

On May 17, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment persisted at a two-month low, or having down for the fourth working day by Yuan 17/tonne ($2.5/t) on day to Yuan 4,914/t including the 13% VAT, and spot trading of construction steel paused from two days of rises, down 17.5% on day.
On Tuesday, the daily trading volume of construction steel comprising rebar, wire rod and bar-in-coil among China's 237 trading houses under Mysteel's tracking declined 30,331 tonnes/day to 142,998 t/d.   As of the same day, the Q235 150mm square billet price in North China's Tangshan city softened from an only one-day stability,

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