Tag: China rebar price
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China: Rebar price keeps softening on lower spot sales
China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment had declined for the fourth working day on February 6, down by another Yuan 14/tonne ($2.1/t) on day to Yuan 4,275/t including the 13% VAT, while spot sales of construction steel remained low after the Chinese New Year (CNY) holiday. The daily trading volume…