DAILY: China’s rebar price and spot steel trading stable
Oct 15, 2019 10:30
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.
On October 14, the trading volume of long steel, chiefly rebar, wire rod, and bar-in-coil among 237 sampled traders across China under Mysteel’s daily survey totalled 208,844 t/d, ebbing by 10,643 t/d or 4.8% from Last Saturday.
The daily trading volume have hovered at around 200,000 t/d since October 8, indicating