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On November 18, China’s average price for HRB 400 20mm dia rebar refreshed its 3.5-month high, reaching Yuan 4,024/tonne ($575/t), and the Tangshan Q235 150mm square billet price also increased to its nearly three-month high of Yuan 3,420/t EXW, both up for the fifth day and including the 13% VAT, and the spot long steel trading stayed robust in a cold winter.
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China’s national average price for HRB400 20m dia rebar rose for the second day by another Yuan 22/tonne ($3.1/t) on day to Yuan 3,918/t including the 13% VAT as of November 13, as traders held firmly onto their offering prices and market sentiment stayed rather steady amid positive signs such as less supply with winter coming and the prospect of the trade talks between China and the U.S.
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On November 12, China’s national average benchmark price for HRB 400 20mm dia rebar recovered Yuan 12/tonne ($1.7/t) on day and the Tangshan Q235 150mm square billet price, another important indicator of China’s steel market, also reversed up Yuan 20/t on day, both in response to possible supply reduction with Beijing’s latest announcements on winter restrictions.
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China’s national average price for HRB400 20mm dia rebar has been on the uptrend since late October, up another Yuan 7/tonne ($1/t) on day to Yuan 3,895/t including the 13% VAT as of November 7, while the spot trading ebbed further, falling below the 200,000 tonnes after having persisted at and above the level since October 25.
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On November 6 China’ national average HRB 400 20mm dia rebar benchmark price increased for the third day by another Yuan 19/tonne ($2.7/t) on day, and the Tangshan Q235 150mm square billet benchmark price climbed up further too by Yuan 20/t on day, while spot construction steel trading eased after having risen for two days.
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Mysteel’s national average HRB 400 20mm dia rebar benchmark price steadied on November 1 at Yuan 3,852/tonne ($546.4/t) including the 13% VAT after a total gain of Yuan 27/t in the previous four working days, and spot steel trading remained largely stable at about the healthy level of around 200,000 tonnes.
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China’s national average benchmark price for HRB 400 20mm dia rebar increased for five successive days as of October 31, up another Yuan 12/tonne ($1.7/t) on day to Yuan 3,852/t including the 13% VAT, the spot construction steel trading, however, continued to decline.
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China’s national average HRB400 20mm rebar price, a bellwether of the domestic steel market sentiment, reversed up Yuan 9/tonne ($1.3/t) from last Friday to Yuan 3,834/t including the 13% VAT as of October 28, but it remained at a relatively low level for the past month also.
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China’s domestic steel prices remain static, with Mysteel’s national average price for HRB400 20mm rebar losing a mere Yuan 3/tonne ($0.4/t) from October 24 to reach Yuan 3,825/t including the 13% VAT as of October 25. Meanwhile, for Q235 150mm square billet in Tangshan over October 25-27, the price also remained stable at Yuan 3,360/t EXW and including the 13% VAT as of October 27.
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Mysteel’s national average HRB400 20mm dia rebar benchmark price softened for the sixth day as of October 22 and refreshed its 1.5-month low, though the pace slowed down with the price down just another Yuan 5/tonne ($0.7/t) on day to Yuan 3,824/t including the 13% VAT as of October 22.
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As of October 21, China’s national average price for HRB400 20mm dia rebar benchmark price declined to a new low since September 4, down for the fifth working day by another Yuan 14/tonne ($2/t) on day to Yuan 3,829/t including the 13% VAT, and daily trading volume of construction steel in physical market reversed down from last Friday.
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China’s national average HRB400 20mm dia rebar benchmark price fell for the fourth day as of October 18, down another Yuan 10/tonne ($1.4/t) on day to Yuan 3,863/t including the 13% VAT, while spot trading of construction steel recovered for the second consecutive day.
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Mysteel’s national average HRB400 20mm dia rebar benchmark fell for the second day on October 16, down another Yuan 17/tonne ($2.4/t) on day to Yuan 3,869/t including the 13% VAT, and the trading activity was slack on Wednesday with buyers hesitating to book tonnage amid a bearish outlook.
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Mysteel’s national average price for HRB400 20mm dia rebar reversed down on October 15 by Yuan 18/tonne ($2.5/t) on day to Yuan 3,886/t including the 13% VAT, and the spot steel trading eased further amid the persistent market uncertainties.
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China’s national average price for HRB400 20mm dia rebar maintained largely stable at Yuan 3,904/tonne ($550/t) including the 13% VAT as of October 14, up merely Yuan 4/t from October 12, a make-up working day after the National Day holiday, and the daily construction steel trading hovered at its threshold of around 200,000 tonnes/day on Monday.
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China’s national average HRB 400 20mm rebar benchmark price decreased another Yuan 8/tonne ($1.1/t) on day to Yuan 3,915/t including the 13% VAT as of October 11, and trading also receded more together with the price softening.
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Both the billet and rebar prices in China reversed down on October 9, as the buying interest in the domestic steel market slowed down and market sentiment was dampened on noting the swelling steel stocks both at the traders and steel mills over the National Day holiday on October 1-7, Mysteel Global noted.
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China’s national average price for HRB 400 20mm dia rebar hit its nearly two-month high of Yuan 3,929/tonne ($553/t) and including the 13% VAT on October 8, the first working day after China’s National Day holiday over October 1-7, or up Yuan 8/t from September 30, and spot sales were robust.
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China’s national average price for HRB400 20mm dia rebar maintained largely stable at Yuan 3,887/tonne ($545/t) including the 13% VAT as of September 26, or up merely Yuan 1/t on day, and at the same time, the daily construction steel trading maintained at its threshold of around 200,000 tonnes for a peak consumption season.
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China’s national average price for HRB 400 20mm dia rebar remained largely stable on September 25 at Yuan 3,886/tonne ($547.3/t) including the 13% VAT, edging down by a mere Yuan 2/t on day.
