On September 13, China’s national price of HRB400E 20mm dia rebar assessed by Mysteel increased for the third working day by another Yuan 64/tonne ($9.9/t), while spot sales of construction steel including rebar fell for the second working day, down 18.4%, both according to Mysteel’s tracking and against September 10, suggesting the mixed market sentiment for the time being.
The rebar price was assessed at Yuan 5,589/t, or a 3.5-month high, and the Tangshan Q235 150mm square billet price in North China’s Hebei gained for the fourth assessment day by another Yuan 30/t on day to Yuan 5,250/t EXW, both according to Mysteel’s assessments and including the VAT.