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On April 30, China’s national HRB 400E 20mm rebar price surfed to a new 9.5-year high after an on-day gain of Yuan 15/tonne ($2.3/t) to Yuan 5,255/t including the 13% VAT, while spot sales of construction steel reversed down by 30% on day, according to Mysteel’s market surveys.
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On April 29, China’s daily trading of construction steel among 237 traders under Mysteel’s tracking rebounded 21.8% on day, and the national HRB400E 20mm rebar price, according to Mysteel’s assessment, recovered quickly from one-day drop, up Yuan 10/tonne ($1.5/t) on day to Yuan 5,240/t including the 13% VAT, indicating market sentiment, after the short wavering, stayed positive.
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On April 28, China’s national HRB400E 20mm rebar price, according to Mysteel’s assessment, lost some steam after six working days of increases, down Yuan 13/tonne ($2/t) on day to Yuan 5,230/t including the 13% VAT, and daily trading of construction steel among the 237 traders under Mysteel’s tracking also reversed down 7.4% on day, though market sentiment remained steady.
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On April 27, China’s spot steel market sentiment stayed positive, and the national HRB 400E 20mm rebar price, according to Mysteel’s assessment, strengthened for the sixth working day, or having refreshed its 9.5-year high to Yuan 5,243/tonne ($809/t) including the 13% VAT, and daily trading of construction steel increased by 3.5% on day among the 237 traders under Mysteel’s tracking.
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On April 26, China’s national HRB400E 20mm rebar price gained another Yuan 34/tonne ($5.3/t) to Yuan 5,237/t including the 13% VAT, or having refreshed its 9.5-year high, and spot sales of construction steel recovered 10.5% on day, both according to Mysteel’s surveys, indicating the steel market optimism in the near term.
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On April 25, China’s national HRB 400E 20mm rebar price refreshed its 9.5-year high, reaching Yuan 5,203/tonne ($801.3/t) including the 13% VAT, while spot sales of construction steel reversed down by 26.5% from last Friday, both according to Mysteel’s surveys. April 25 is a make-up working day in China.
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On April 22, China’s national HRB400E 20mm rebar price increased for the second day, up Yuan 23/tonne ($3.5/t) on day to Yuan 5,115/t including the 13% VAT, and spot sales of construction steel including rebar recovered, both according to Mysteel’s tracking.
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On April 21, China’s national HRB400E 20mm rebar price recovered from three days of declines, up Yuan 10/tonne ($1.5/t) on day to Yuan 5,092/t including the 13% VAT, while spot sales of construction steel including rebar eased four days of surges, both according to Mysteel’s tracking.
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On April 20, China’s national HRB 400E 20mm rebar priced eased for the third successive day, down another Yuan 7/tonne ($1.1/t) on day to Yuan 5,082/t including the 13% VAT, while spot sales of construction steel including rebar gained for the fourth day, up 12.4% on day, according to Mysteel’s assessments, suggesting the remaining healthy domestic demand.
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On April 19, China’s national HRB400E 20mm rebar price slipped for the second working day, down Yuan 7/tonne ($1.1/t) on day, while the daily sales of construction steel including rebar had been gaining for the third working day, according to Mysteel’s surveys.
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China’s national price of HRB400 20mm dia rebar weakened on April 16 after rising for the prior three days, declining by Yuan 6/tonne ($0.9/t) on day to Yuan 5,096/t including the 13% VAT, according to Mysteel’s survey.
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On April 15, China’s national HRB400E 20mm rebar price firmed for the third straight day, though up by just Yuan 2/tonne ($0.3/t) to Yuan 5,102/t including the 13% VAT, and the daily sales of construction steel including rebar rebounded 6.5% on day, indicating the market sentiment in general stayed positive, according to Mysteel’s market surveys.
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China’s national price of HRB400 20mm dia rebar increased for the second day on April 14, rising by Yuan 21/tonne ($3.2/t) on day to Yuan 5,100/t including the 13% VAT, according to Mysteel’s market survey.
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On April 13, China’s spot sales of construction steel including rebar strongly rebounded by 50.9% on day, partly as the domestic steel prices had shown signs of stabilizing after a short-time decline, and the national HRB400E 20mm dia rebar price, for example, recovered by Yuan 11/tonne ($1.7/t) on day after three days of softening, according to Mysteel’s surveys.
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On April 12, China’s national HRB400E 20mm dia rebar price fell for the third working day and at a faster pace of Yuan 48/tonne ($7.3/t) from last Friday, and the spot sales of construction steel including rebar slipped for the second day at a higher rate of 10.7% from April 9, both according to Mysteel’s surveys.
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On April 9, China’s national HRB400E 20mm rebar price ebbed for the second day by Yuan 6/tonne ($0.9/t) on day to Yuan 5,116/t including the 13% VAT, and daily sales of construction steel including rebar reversed down 6% on day, both according to Mysteel’s related tracking.
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On April 8, China’s national HRB400E 20mm rebar price eased by Yuan 6/tonne ($0.9/t) on day after four days of gains, reaching Yuan 5,122/t including the 13% VAT, while spot sales of construction steel including rebar recovered 4% on day, according to Mysteel’s market surveys, though the market sentiment stayed optimistic in general.
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The momentum continued in China’s steel prices especially for the Tangshan Q235 150mm square billet price, which rose for the tenth working day by Yuan 20/t ($3/t) on day to Yuan 5,060/t EXW including the VAT on Wednesday, though still at its 12.5-year high, while spot trading of construction steel reversed down by 17.6% on day, according to Mysteel’s tracking, indicating the growing cautiousness.
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On April 6, China’s national HRB400E 20mm rebar price refreshed its 9.5-year high, surging Yuan 102/tonne from last Friday to Yuan 5,117/t, though the spread against the Tangshan Q235 150mm square billet price, remained narrow, as the latter also hit a new 12.5-year high of Yuan 5,040/t EXW, both including the VAT, Mysteel’s daily assessments showed.
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On April 5, the Q235 150mm square billet price in Tangshan, North China’s Hebei province, refreshed its 12.5-year high, hitting Yuan 5,020/tonne ($764.5/t) EXW, which surpassed that of China’s national HRB400E 20mm rebar price that hit a new 9.5-year high of Yuan 5,015/t on April 2, both including the 13% VAT, suggesting the former had been in the lead, according to Mysteel’s tracking.
