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WEEKLY SUMMARY: China's major steel prices move down

Source: Mysteel Jan 15, 2024 11:30
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Steel Price
China's major steel prices moved down over January 8-12 with the softening sentiment in domestic market and weak demand from downstream users, Mysteel Global learned.
Rebar: As of January 12, China's national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 4,041/tonne ($563/t) including the 13% VAT, lower by Yuan 42/t from one week before.   Chinese rebar prices in the derivative market also weakened, with the most-traded contract on the Shanghai Futures Exchange

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