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China’s price of HRB400 20mm dia rebar increased for a fifth successive working day on Thursday, rising by another Yuan 22/tonne ($3.1/t) on day to Yuan 3,806/t including the 13% VAT, mainly thanks to the decline in production and a slowdown in stocks accumulation, Mysteel Global noted.
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China’s national HRB400 20mm dia rebar price assessed by Mysteel rose further by Yuan 6/tonne ($0.9/t) on day to Yuan 3,763/t including 13% VAT as of July 7. The rising rebar price was driven by the improved trading in the spot market.
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China’s national HRB400 20mm dia rebar price assessed by Mysteel reversed up last Friday after seven consecutive days of decline, although it was a slight increase of Yuan 5/tonne ($0.7/t) on day to Yuan 3,751/t including 13% VAT as of July 3. Steel trading rebounded to nearly a one-month high, strengthening the rebar price.
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China’s price of HRB400 20mm dia rebar declined further on July 1 by Yuan 7/tonne ($1/t) on day to Yuan 3,749/t including the 13% VAT, as the transactions in spot market slowed down, Mysteel’s data showed.
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China’s national price of HRB400 20mm dia rebar declined further and at a faster pace on Monday, down Yuan 19/tonne ($2.7/t) from last Friday to Yuan 3,764/t including the 13% VAT as of June 29. Steel trading retreated markedly amid continuous rainfalls in South and East China.
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China’s national HRB400 20mm dia rebar price reversed down by Yuan 9/tonne ($1.3/t) on day to Yuan 3,793/t including 13% VAT as of June 23, losing losing all the gains over June 19-22, according to Mysteel’s assessment, and the daily trading volume remained largely stable though traders admitted the growing difficulty in receiving payments from the end-users.
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China’s domestic rebar price remained rangebound of late amid softening demand and strong support from the high raw material prices. China’s price of HRB400 20mm dia rebar assessed by Mysteel increase further by Yuan 6/tonne ($0.8/t) from last Friday to Yuan 3,802/t including the 13% VAT as of June 22.
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China’s price of HRB400 20mm dia rebar inched down Yuan 10/tonne ($1.4/t) on day to Yuan 3,799/t including the 13% VAT as of June 17. In the meantime, transactions concluded in the physical market also remained weak, Mysteel’s data showed.
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China’s national HRB400 20mm dia rebar price assessed by Mysteel continued to decline for the fourth day on June 12. It inched down another Yuan 5/tonne ($0.7/t) on day to Yuan 3,822/t including the 13% VAT. Steel trading improved markedly with the weather in the south part of China turning for the better last Friday.
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China’s national HRB400 20mm dia rebar price assessed by Mysteel softened for the third day as of June 11, down another Yuan 11/tonne ($1.6/t) on day to Yuan 3,827/t including the 13% VAT. Steel demand continued to be dampened by the rainy weather, especially in the southern part of China.
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China’s national price of HRB400 20mm dia rebar has been rangebound of late, reversing down Yuan 4/tonne ($0.6/t) on day to Yuan 3,846/t including the 13% VAT as of June 9. Transactions in the spot market also softened, Mysteel’s data showed.
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China’s national average price of HRB400 20mm dia rebar assessed by Mysteel inched up Yuan 4/tonne ($0.6/t) from last Friday to Yuan 3,850/t including the 13% VAT as of June 8. What drove the price increase were firm iron ore prices and strengthening steel trading, Mysteel Global noted.
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China’s national price of HRB400 20mm dia rebar refreshed its new high since December 24 after increasing for the fifth consecutive working day by another Yuan 16/tonne ($2.3/t). It hit Yuan 3,856/t and including the 13% VAT as of June 3. However, trading shrank significantly in light of the continuous price increase, Mysteel Global noted.
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China’s national average price of HRB 400 20mm dia rebar increased further on June 2 by Yuan 12/tonne ($1.7/t) on day to Yuan 3,840/t including the 13% VAT. It hit a new high since January 3, although the trading volume slipped further, according to Mysteel’s data.
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Mysteel’s Q235 150mm square billet price in Tangshan city hit a new high since January 10, after it increased Yuan 60/t ($8.4/t) over May 29-31 to reach Yuan 3,310/tonne EXW and including the 13% VAT as of May 31. It was largely due to rumours that mills in this top steel producing city are facing another round of production curb in June.
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China’s national price of HRB 400 20mm dia rebar inched up Yuan 2/tonne ($0.3/t) on day to Yuan 3,768/t including the 13% VAT as of May 28, according to Mysteel’s data. The sales of long steel softened and market sentiment turned slightly pessimistic, Mysteel Global noted.
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China’s HRB400 20mm dia rebar price assessed by Mysteel stood at Yuan 3,799/tonne ($532.8/t) as of May 22, nudging down only Yuan 1/t on day. As of last Friday, the price had been rangebound for three days with the daily change within Yuan 5/t. Trading activity was generally steady though business was disrupted in some regions, Mysteel Global noted.
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China’s HRB400 20mm dia rebar price reached a new high since February 3 after increasing another Yuan 38/tonne ($5.4/t) on day. It hit Yuan 3,904/t, including the 13% VAT on Tuesday, according to Mysteel’s assessment. However, trading had receded notably from a 13-month high record on Monday, Mysteel Global noted.
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As of May 18, China’s rebar price climbed to a new high since February 10, mainly due to the strengthening in trade which reached 13-month high and the surge in iron ore prices.
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As of May 14, China’s national price of HRB 400 20mm dia rebar assessed by Mysteel remained stable at Yuan 3,682/tonne ($519/t) with a small uptick of Yuan 1/t on day. Long steel sales also remained steady, although growing production continued to worry the market.
