DAILY: China’s rebar price down, trading dips further

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.
On October 15, the trading volume of construction steel containing rebar, wire rod and bar-in-coil among 237 sampled traders across China under Mysteel’s daily survey declined for the second consecutive day, down another 23,076 t/d or about 11% from Monday to 185,768 t/d. On October 15, Tangshan Q235 150mm square billet


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