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DAILY: China's rebar price fall slows, sales up 5%


On October 19, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment dipped for the seventh working day though the pace slowed with the on-day decline at just Yuan 4/tonne ($0.6/t), while spot sales of construction steel including rebar gained for the second working day by 5.1% on day, as demand showed signs of modest pick-up.
On Tuesday, the rebar price softened to Yuan 5,820/t including the 13% VAT, and the spot trading volume of construction steel also comprising wire rod and bar-in-coil among China's 237 traders under Mysteel's tracking mounted by 9,730 tonnes/day on day to 200,993 t/d, or back to 200,000 t/d threshold again


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