Tag: china rebar prices dropped
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China’s rebar price hits a 2-year low
As of November 1, China’s national price of HRB400E 20mm dia rebar, a weathervane of the domestic spot steel-market dynamics, had lost ground for the 16th consecutive working day to refresh a two-year low of Yuan 3,875/tonne ($532/t) including the 13% VAT, or down by a hefty Yuan 326/t in total from that on October…