DAILY: China's rebar price falls another $4/t, sales below 100,000 t

Chinese rebar prices lost ground for the fourth consecutive working day on November 1, and spot sales of construction steel including rebar subsided to below 100,000 tonnes/day on the same day, according to Mysteel's surveys.

On Friday, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment declined by another Yuan 25/tonne ($3.5/t) on day to touch a one-month low of Yuan 3,606/t and including the 13% VAT. Meanwhile, the trading volume of construction steel also comprising wire rod and bar-in-coil among the 237 trading