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DAILY: China’s rebar price and demand strengthen

China’s price of HRB400 20mm dia rebar increased Yuan 11/tonne ($1.6/t) from last Friday to Yuan 3,843/t including the 13% VAT as of August 17, Mysteel’s data showed, as the improved sales stimulated rebar price to rise.
The trading volume of rebar, wire rod and bar-in-coil among 237 traders saw an uptick of 29,603 tonnes/day, or 12.7%, from August 14 to 261,801 t/d as of August 17, according to Mysteel’s daily survey. The significant rise in rebar futures prices shored up the market sentiment and boosted sales on


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