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In China, sales of construction metal products fell sharply

Asia / Ferrous metallurgy

Domestic sales of construction steel in China are falling ahead of the Lunar New Year, but rebar prices remain flat.

In China, sales of construction metal products fell sharply

On Friday 5 February, spot sales of construction steel in China, including rebar and wire rod in coils, fell for the third day in a row, down another 39.6% per day, or 4,912 tonnes per day, to below 10,000 tonnes , reports Mysteel .

At the same time, domestic rebar prices showed only a slight upward movement (by 1 yuan) due to the lack of trade on the eve of the Chinese New Year.

The daily trading volume of construction steel between 237 trading houses in China fell to 7502 tons per day, and the national price of HRB400 rebar with a diameter of 20 mm was estimated at 4 357 yuan per ton (approximately 674 USD per ton), including 13% VAT ...

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