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China’s rebar price reversed up on November 27 after three consecutive days of reduction, and long steel sales also eased. The Tangshan Q235 150mm square billet price retreated through the weekend although prices have been largely rangebound for the past week, Mysteel noted.
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China’s rebar prices in spot market declined further on November 26 on the overall dampened market sentiment with the cold weather enveloping most parts of China, though the daily construction steel trading volume recovered modestly, Mysteel Global noted.
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China’s rebar price retreated on November 25 after refreshing its one-year highs continuously this month. Long steel sales continued to weaken in the spot market amid strong cold waves in many domestic regions, according to Mysteel’s tracking.
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China’s price of HRB400 20mm dia rebar lost Yuan 20/tonne ($3/t) on day to Yuan 4,154/t including the 13% VAT as of November 24, Mysteel’s data showed, the first on-day decline since November 17. Actual sales weakened drastically amid temperature drops.
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Tangshan Q235 150mm square billet price, weathervane of China’s steel market development, reversed down after continuous increase since November 16. It decreased by Yuan 30/tonne ($9.1/t) on day to Yuan 3,590/t EXW and including the 13% VAT as of November 23. Downstream buying retreated with bleak winter coldness blanketing the majority of China.
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Chinese steel prices continued to refresh respective highs on November 19 although downstream buyers were starting to worry about the “dangerously high” prices and displayed some resistance in buying, Mysteel Global understands from market sources.
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China’s price of HRB400 20mm dia rebar increased for the second day by another Yuan 15/tonne ($2.3/t) on day to Yuan 4,139/t including the 13% VAT as of November 18, Mysteel’s data showed. However, actual sales softened amid the rainy and snowy climate in some regions of China.
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China’s national price of HRB400 20mm dia rebar, an indicator of the domestic steel market development, reversed up by Yuan 16/tonne ($2.4/t) on day to Yuan 4,124/t including the 13% VAT as of November 17. It returned to nearly one-year high after dipping for three working days, according to Mysteel’s data.
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As of November 16, China’s national price of HRB400 20mm dia rebar, a barometer of the domestic steel market development, edged down for the third working day to Yuan 4,108/tonne ($624/t) including the 13% VAT, shedding Yuan 7/t from last Friday, according to Mysteel’s data.
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China’s national price of HRB400 20mm dia rebar, an indicator of the domestic steel market sentiment, hit Yuan 4,124/tonne ($621.9/t) including the 13% VAT as of November 11, inching up Yuan 5/t from the last working day, the eleventh working day of increment in a row since October 28 this year, Mysteel’s data showed.
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China’s HRB400 20mm dia rebar price assessed by Mysteel rose further after the Yuan 115/tonne ($17.4/t) surge on the previous day. It gained another Yuan 49/t on day to Yuan 4,119/t including the 13% VAT as of November 10. Although it refreshed the 11-month high since last December, actual sales were dampened after the price hikes, Mysteel Global noted.
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China’s national price of HRB400 20mm dia rebar, a barometer of the domestic steel market development, increased for the ninth working day to Yuan 4,070/tonne ($614.2/t) including the 13% VAT as of November 9, drastically gaining Yuan 115/t from last Friday, the biggest hike since July 20 this year, according to Mysteel’s data.
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Tangshan Q235 150mm square billet price, the bellwether of China’s steel market development, jumped Yuan 50/tonne ($7.6/t) over the weekend to reach a 15-month high of Yuan 3,560/t EXW and including the 13% VAT as of November 8. Market concern over further billet supply tightness was triggered by the renewed curbing measures on billet-supplying mills in this top steel producing city in China.
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China’s national price of HRB400 20mm dia rebar hit Yuan 3,916/tonne ($589.8/t) on November 4, reaching the highest so far this year after climbing for six consecutive working days on Wednesday by another Yuan 17/t on day. Sentiments of Chinese steel participants improved greatly due to sustained strong trading lately, Mysteel Global noted.
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China’s price of HRB400 20mm dia rebar assessed by Mysteel increased for the fourth day by another Yuan 26/tonne ($3.9/t) from October 30 to Yuan 3,886/t including the 13% VAT as of November 2, thanks to the robust sales on the same day.
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China’s national price of HRB400 20mm dia rebar, an indicator of the domestic steel market development, continued to increase for the third working day on October 30 to Yuan 3,860/tonne ($577/t) including the 13% VAT. It was up by Yuan 22/t on day, the steepest rise among the three days, according to Mysteel’s assessment. The rise was mainly thanks to the sustained strong trading, according to market sources.
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China’s national price of HRB400 20mm dia rebar reversed up on Wednesday, back to the mid-October level of Yuan 3,825/tonne ($568.5/t) including the 13% VAT. Steel trading had been strong so far this week, although the on-day increase was merely Yuan 7/t, Mysteel Global noted.
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China’s price of HRB400 20mm dia rebar remained unchanged on day at Yuan 3,818/tonne ($569.6/t) as of October 27, Mysteel’s data showed. However, actual trading in the physical market dipped slightly.
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China’s price of HRB400 20mm dia rebar reversed down Yuan 4/tonne ($0.6/t) on day to Yuan 3,818/t including the 13% VAT as of October 26, Mysteel’s data showed. The price remained rangebound after China’s National Day holiday ended and demand had not seen signs of weakness so far.
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China’s national price of HRB400 20mm dia rebar reversed up on October 22, though merely by Yuan 7/tonne ($1/t) on day to Yuan 3,819/t including the 13% VAT, as the high trading on the previous day and continued depletion of rebar stocks gave market confidence. However, trade slowed notably after the mild price increase.
