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China's construction steel sales at 10-month low

Time : 2021-01-13 Hits : 2021-01-13

On January 12th, the spot sales of construction steel in China fell to an over 10-month low after three consecutive working days of decreases as the actual demand shrank in the cold winter days and China’s national rebar price subsided to below 4,400Yuan/ton (679.4$/ton) after having persisted above the level since January 4th.

On Tuesday, China’s daily trading volume of construction steel including rebar, wire rod and bar-in-coil across the 237 domestic steel traders slumped 15,666 ton/day or 10.5% on day to 133,357 ton/day, logging the lowest since March 6th, 2020.

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