DAILY: China’s rebar price edges up, sales down
Oct 20, 2020 10:30
China’s national price of HRB400 20mm dia rebar assessed by Mysteel reversed up on October 19 by Yuan 7/tonne ($1/t) from last Friday to Yuan 3,815/t including the 13% VAT, and spot trading remained strong in spite of tiny on-day declines.
The trading volume of long steel consisting of rebar, wire rod and bar-in-coil among 237 traders which Mysteel surveys daily, reversed down 9,265 tonnes/day or 3.6% from October 16 to 245,718 t/d on October 19. It is still much higher than the threshold of 200,000 t/d for a regular trading