Author: Abhishek Bhalla

China’s average price for HRB400 20mm dia rebar, a bellwether of the domestic steel market’s sentiment, grew for the third working day to reach Yuan 3,631/tonne ($515/t) including the 13% VAT as of April 13, increasing another Yuan 19/t from last Friday. Long steel sales hit a 6.5-month high after rebounding on Monday. The continuous…