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DAILY: China's rebar prices, sales both slip

Source: Mysteel Mar 01, 2024 10:30
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China's rebar prices in both physical and derivative markets waned amid cautious sentiment on February 29, while spot trading activities on the same day also lost more ground on tepid demand.
China's national price of HRB400E 20mm diameter rebar under Mysteel's assessment slipped by Yuan 14/tonne ($2/t) on day to Yuan 3,983/t including the 13% VAT on Thursday.   The futures derivatives market for rebar in China also weakened in tandem, with the most traded rebar contract for May delivery on Shanghai Futures Exchange closing the daytime trading session of

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