Home > News > Weekly steel news >

Daily: China’s rebar price up further on better sentiment

Daily: China’s rebar price up further on better sentiment
Issue Time:2019-04-03
Mysteel’s national average price of HRB400 20mm dia rebar rose for the second day as of April 2, gaining another Yuan 24/tonne ($3.6/t) on day to Yuan 4,086/t including the 13% VAT, and the market sentiment stayed buoyant into April.
On Tuesday, many long steel producers in China lifted theirrebar list prices by Yuan10-60/t for spot sales, showing the mills’ optimism on the domestic steel market in the near term, and the price rise has not dampened the market demand especially for construction steel.
www.rentai-steel.com

Professional steel products supplier!