Tag: China rebar offers
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Chinese rebar price slumps to 7.5-month low
On November 10, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment slumped to a new low since March 26 after having declined for for the eighth working day by Yuan 160/tonne ($25/t) to Yuan 4,790/t including the 13% VAT, though spot sales of construction steel including rebar recovered from declines in the…