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On March 3, China’s national price of HRB400 20mm dia rebar rebounded strongly after two days of slight declines, having surged by Yuan 98/tonne ($15.2/t) on day to its three-year high of Yuan 4,774/t and including the 13% VAT, though spot sales of construction steel including rebar eased 8.6% on day on Wednesday, according to Mysteel’s surveys.
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On March 2, China’s spot sales of construction steel including rebar jumped further, up 62% on day, though the national rebar price had been largely steady, inching down for the second day by Yuan 2/tonne ($0.3/t) on day, Mysteel’s survey showed.
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On March 1, China’s spot sales of construction steel including rebar rebounded 38% on day, though its rebar price reversed down after two days of increase, dipping Yuan 10/tonne ($1.5/t) on day, Mysteel’s surveys showed.
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China’s national price of the HRB400 20mm dia rebar continued to firm on February 26, having inched up by another Yuan 6/tonne ($0.9/t) on day to reach Yuan 4,688/t including the 13% VAT and refreshing a two-year high, according to Mysteel’s monitoring.
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On February 25, China’s spot sales of construction steel including rebar, wire rod and bar-in-coil jumped 53.5% on day, and the domestic rebar price appeared rather firm, or having recovered Yuan 9/tonne ($1.4/t) on day, Mysteel’s surveys showed.
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On February 24, China’s rebar price took a pause from the rises since February 18, inching down Yuan 9/tonne ($1.4/t) but still persisting at a two-year high, and the spot sales of construction steel including rebar on the same day rebounded 13.6% on day, Mysteel’s surveys showed.
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On February 23, China’s rebar price nudged up for the fifth consecutive day, with that of the HRB400 20mm dia rebar refreshing its two-year high, gaining another Yuan 26/tonne ($4/t) on day, though the spot sales of construction steel including rebar reversed down 24.8% on day, according to Mysteel’s market surveys.
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On February 22, China’s rebar price rose to its two-year high after having nudged up for the fourth consecutive day since China was back to work from the Chinese New Year (CNY) break on February 18, and the daily sales of construction steel including rebar, wire rod and bar-in-coil revived to 101,029 tonnes/day , according to Mysteel’s monitoring.
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China’s national price of the HRB400 20mm dia rebar soared for the second day on February 19 after the Chinese New Year (CNY) holiday, gaining another Yuan 76/tonne ($11.8/t) on day to Yuan 4,554/t and including the 13% VAT, according to Mysteel’s assessment, which strongly indicated the domestic steel market optimism on the revival in the domestic demand soon and the remaining support from the rising raw material prices.
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On February 18, the first working day after the Chinese New Year holiday in China, the country’s HRB400 20mm dia rebar price soared by Yuan 120/tonne ($18.5/t) from February 10 to Yuan 4,478/t including the 13% VAT, according to Mysteel’s assessment, in tandem with the price surges in both billet and iron ore on the same day.
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China’s HRB400 20mm dia rebar price stayed unchanged at Yuan 4,358/tonne ($675/t) including the 13% VAT over February 11-17 when the country celebrated the Chinese New Year (CNY) holiday, though signs have emerged that the price may strengthen soon after the holiday, as many construction projects have been operating throughout the CNY.
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On February 9, China’s HRB400 20mm dia rebar price has been into a static mode, remaining unchanged at Yuan 4,358/tonne ($670.5/t) including the 13% VAT, according to Mysteel’s assessment..
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On February 8, China’s rebar price had been holding well, unfazed at all by the little trading in the spot market, with the HRB400 20mm dia rebar price even inching up for the second day by another Yuan 1/tonne ($0.15/t) on day to Yuan 4,358/t and including the 13% VAT, according to Mysteel’s surveys.
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On February 5, China’s spot sales of construction steel including rebar, wire rod and bar-in-coil slumped for the third straight day, down another 39.6% on day or 4,912 tonnes/day to below 10,000 tonnes, and the domestic rebar price showed little movement with the lack of trading, Mysteel’s surveys showed.
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On February 4, China’s spot sales of construction steel including rebar, wire rod and bar-in-coil slumped for the second working day by another 32.3% on day or 5,931 tonnes, and the country’s national price of HRB400 20mm dia rebar almost came to a standstill in the last few days before the Chinese New Year (CNY) holiday starting February 11.
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On February 3, China’s spot sales of construction steel including rebar, wire rod and bar-in-coil headed south, down 41.5% on day after the rebound in the previous day, though still at its 11-month low and the national price of HRB400 20mm dia rebar held relatively firm, down merely Yuan 2/tonne ($0.3/t) on day, according to Mysteel’s monitoring.
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On February 2, China’s rebar price stayed unchanged on day, while the spot sales of construction steel including rebar, wire rod and bar-in-coil reversed up 29.6% on day, according to Mysteel’s surveys.
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On February 1, China’s spot sales of construction steel including rebar, wire rod and bar-in-coil slumped for the seventh day, down another 28.6% on day to an 11-month low, while China’s price of HRB400 20mm dia rebar remained largely stable, reaching Yuan 4,358/tonne ($674.6/t) including the 13% VAT or having inched up for the fifth day by just Yuan 1/t on day, according to Mysteel’s data.
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On January 29, the spot sales of construction steel including rebar, wire rod and bar-in-coil in China continued to slide for the six working day, plunging another 25.7% on day to an over 11-month low level, while the domestic rebar price appeared still resilient amid the sales declines, according to Mysteel’s data.
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On January 28, China’s spot sales of construction steel including rebar, wire rod and bar-in-coil slumped for the third day by another 25.4% on day, though it was still at an over 10-month low, while China’s rebar price inched up for the third day by another Yuan 2/tonne ($0.3/t) on day, according to Mysteel’s data.
