-
On July 28, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment reversed from three working days of rises, slipping by Yuan 15/tonne ($2.3/t) on day, indicating that the market might have fully digested the support of the possible wide-range steel output cuts on the prices, while spot sales of construction steel including rebar rebounded by 6.3% after having fallen for three working days.
-
On July 27, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment gained for the third working day by Yuan 14/tonne ($2.2/t) on day, still reacting to the growing market optimism on wide-range production curbs in China now that more provinces have reportedly issued restrictive measures, while spot sales of construction steel fell for the third working day by 19.3% on day.
-
On July 26, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment strengthened for the second working day, or up substantially by Yuan 66/tonne ($10.2/t) from last Friday, mainly to reflect the growing market optimism with anticipated less output, while spot sales of construction steel including rebar eased for the second working day by 2.8% from last Friday in the off season.
-
China’s imported iron ore market saw prices for port inventories and seaborne cargoes increase on July 26, though seaborne market trading activity eased.
-
On July 22, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment stayed largely stable, down merely Yuan 1/tonne ($0.15/t) on day, while spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking recovered from two days of drop, up 18.4% on day, probably due to the declines in rebar stocks at both the traders and steel mills and the rebound in rebar futures on the Shanghai Futures Exchange.
-
On July 21, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment recovered from a one-day drop, up Yuan 6/tonne ($0.9/t) on day, but spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking ebbed for the second assessment day, down another 11.5% on day, as domestic steel demand continued to weaken with the wide-range high temperatures or heavy rainfalls in China.
-
On July 20, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment paused from four working days of rises, down but just Yuan 7/tonne ($1.1/t) on day, while spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking also declined by 4.3% on day after growing for two working days, indicating the pressure from the subdued spot demand.
-
China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment reached a near two-month high of Yuan 5,344/tonne ($824/t) and including the 13% VAT on July 19, up by Yuan 68/t from last Friday and increasing for a fourth working day.
-
China’s national HRB400E 20mm dia rebar price, the indicator of China’s steel market performance, nudged up another Yuan 9/tonne ($1.4/t) on day to Yuan 5,276/t including the 13% VAT as of July 16, refreshing a nearly two-month high even though trading remained rangebound, indicating that market sentiment had been largely steady in the low steel consumption season.
-
China’s national price of HRB400E 20mm dia rebar increased for the second successive day on July 15, according to Mysteel’s assessment, surging by Yuan 32/tonne ($5/t) on day to Yuan 5,267/t including the 13% VAT. Market participants anticipate more production curbs being imposed on steelmakers, even though government authorities have yet to issue any official notice.
-
On July 14, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment recovered after one shaky day, up Yuan 13/tonne ($2/t) on day, and spot sales of construction steel including rebar among the 237 traders under Mysteel’s tracking also recovered from two days of decreases, up 31.4% on day, suggesting the settling of the market sentiment after the short wavering on July 13.
-
On July 13, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment lost steam after six working days of inclines, slipping Yuan 25/tonne ($3.9/t) on day, while spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking declined for the second working day by 6.6%, indicating the shaky market sentiment and subdued spot demand.
-
China’s imported iron ore market saw prices for port inventories increase on July 13, though trading activity in the seaborne market stayed cool.
-
On July 12, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment reached its one-month high of Yuan 5,247/tonne (810/t) and including the 13% VAT, as market expected prices to rise with possible production cuts, though spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking eased 3.6% from July 9 after a one-day gain.
-
China’s national price of HRB400E dia rebar was assessed by Mysteel at Yuan 5,090/tonne ($784/t) including the 13% VAT on July 8, up by Yuan 46/t on day.
-
On July 7, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment gained for the third day and at a faster pace of Yuan 55/tonne ($8.5/t) on day, and spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking reversed up from one-day fall, growing 9.9% on day, indicating better market sentiment after the grand celebration on July 1.
-
China’s rebar prices and spot sales volume had been seesawing for the past month or so, and on July 6, the national price of HRB400E 20mm dia rebar under Mysteel’s assessment gained for the second working day and more substantially by Yuan 40/tonne ($6.2/t) on day, while spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking reversed down by 16.9% on day after two days of gains.
-
On July 5, spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking went up for the second working day, jumping 54% from last Friday, and China’ national price of HRB400E 20mm dia rebar under Mysteel’s assessment recovered Yuan 7/tonne ($1.1/t) from last Friday too, indicating that the domestic steel market had returned to normal after the short disruption by the grand celebration on July 1.
-
On July 2, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment ebbed from a one-day gain, down Yuan 7/tonne ($1.1/t) on day, while spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking, though having recovered 6.4% on day, were still persisting at a low level due to the slack steel consumption season in China.
-
On July 1, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment reversed up but by just Yuan 10/tonne ($1.5/t) on day, while spot sales of construction steel including rebar among China’s 237 traders under Mysteel’s tracking hovered low, down 9.2% on day after one-day rebound, both reflecting the seasonal low demand in summer.
