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Chinese steel prices surge, sales up

Time : 2021-04-06 Hits : 2021-04-06
Chinese steel prices surge, sales up
The steel prices in Chinese domestic market jumped over March 29th-April 2nd, as the demand especially for long steel products had strengthened significantly with all construction works across the country now in full swing.

The national HRB400E 20mm dia steel rebar price surged 203 Yuan/Ton (31 $/Ton) on week to 5,015 Yuan/Ton including the 13% VAT as of April 2nd or an over nine-year high. The trading volume of construction steel including rebar among the country's 237 traders averaged 277,595 Ton/day over March.

Industry News