Author: Abhishek Bhalla
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China’s Rebar Price Decreases, Sales Weaken
China’s national average benchmark price for HRB 400 20mm dia rebar decreased further by another Yuan 24/tonne ($3.4/t) from last Friday to Yuan 3,623/t, including the 13% VAT as of March 30, according to Mysteel’s database. Trading volume also retreated slightly on the same day. The trading volume of construction steel comprising rebar, wire rod…