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DAILY: China’s rebar price dips, trading stable

China’s price of HRB400 20mm dia rebar slipped by Yuan 3/tonne ($0.4/t) on day to Yuan 3,861/t including the 13% VAT as of September 2, Mysteel’s data showed, although sales in the spot market stayed stable.
The trading volume of rebar, wire rod and bar-in-coil among 237 traders across the country gained 194 tonnes/day on day to 210,828 t/d as of September 2, according to Mysteel’s survey. Market players stayed cautious in procuring and speculative activities waned given that the rebar prices have been hovering high. Steel


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