Author: Abhishek Bhalla

China’s national average benchmark price for HRB 400 20mm dia rebar price continued its downtrend for the eighth straight day, having lost another Yuan 7/tonne ($1/t) on day to Yuan 3,896/t including 13% VAT as of December 20, and spot sales of long steel subsided further. Last Friday, China’s spot sales of rebar, wire rod…