Tag: China rebar price
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China’s rebar price falls to a 4-month low
China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment lost ground for the fifth working day on November 5 to reach a four-month low of Yuan 5,016/tonne ($784/t) including the 13% VAT. This was lower by another Yuan 68/t on day and reflected the pessimism prevailing in the domestic market with the lackluster…