Author: Lalita
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China’s rebar price falls further, sales recover
On June 8, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment softened for the second day by Yuan 47/tonne ($7.3/t), while daily sales of construction steel including rebar among the 237 Chinese steel traders under Mysteel’s survey rebounded by 25.3%, indicating the wavering trading enthusiasm in the relatively low steel consumption season…