DAILY: China's rebar, billet prices drop 3rd day, sales fall

Spot prices of China's rebar and billet headed south for the third working day on September 3, and sales of construction steel including rebar also eased from a one-day gain, indicating uncertainties in the domestic steel market, Mysteel's tracking showed.

On Tuesday, China's national HRB400E 20mm dia rebar price declined by another Yuan 24/tonne ($3.4/t) on day to reach Yuan 3,293/t, and the Q235 150mm square billet price in North China's Tangshan lost Yuan 40/t to Yuan 2,870/t EXW, both including the 13% VAT, according to Mysteel's assessments. On the same day, the daily