Tag: China rebar price
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China’s rebar price hits 3-month low, sales rebound
As of October 18, China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment had declined for six consecutive working days to near a 3-month low of Yuan 4,075/tonne ($565.2/t) including the 13% VAT after losing a further Yuan 25/t on day, while spot sales of construction steel saw a moderate recovery. On Tuesday,…