On September 22-24, according to Mysteel's assessments, China's rebar and hot rolled coil (hot rolled coil) prices in the physical market continued to move in opposite directions, while futures prices fell further. Steel demand after Mid-Autumn At the festival held on September 20-21, there was no sign of continued improvement.
As of September 24, China's national price of HRB400E 20 mm diameter rebar increased by Yuan 145 ($22.4/t) weekly to Yuan 5,751/t including 13% VAT for the fifth week in a row. It progressed this way due to lower production and rebar inventories at both traders and steelmakers.
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