Author: Abhishek Bhalla

China’s national average benchmark price for HRB 400 20mm dia rebar waned further to hit the recent 34-month low. It fell Yuan 29/tonne ($4.1/t) on day to Yuan 3,629t/t, including 13% VAT, as of February 28 on tepid downstream demand, according to Mysteel’s data. More significantly on the same day, rebar prices in East China…