On August 16, China's national HRB400E 20mm diameter rebar price remained in a slow downtrend for the third business day, down another Yuan 11/tonne ($1.7/t) from last Friday, according to foreign sources' assessment, including rebar spot construction steel sales reversed. It pointed to short-term market uncertainties in steel demand, down 8.7 percent from last Friday.
On Monday, the price of rebar dropped to Yuan 5,349 including 13% VAT, and the price of Tangshan Q235 150 mm square billet in North China's Hebei province was assessed by China's top data analysts at a one-month low of 5,040 Yuan/t EXW. . It is stated as VAT or 50 Yuan/tonne down from Sunday's price.
Comments
No comment yet.