DAILY: China rebar, billet prices shake, sales retreat

Chinese rebar and billet prices faltered again on October 29, and spot sales of construction steel including rebar also lost ground, indicating tepid trading enthusiasm across the country.

On Tuesday, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment retreated from a two-day gain, down by Yuan 19/tonne ($2.7/t) on day to Yuan 3,661/t including the 13% VAT. The Q235 150mm square billet price in North China's Tangshan, an indicator of the Chinese steel market sentiment, also