China rebar, billet prices up 3rd day

On August 25, Mysteel’s assessments showed that China’s national HRB400E 20mm dia rebar price inched up another Yuan 9/tonne ($1.4/t) to Yuan 5,299/t, and Q235 150mm square billet in North China’s Tangshan moved up Yuan 20/t to Yuan 4,950/t EXW, both including the VAT and gaining for the third working day, though spot sales of construction steel subsided for the third day, indicating the market cautiousness amid uncertainties. 
On Wednesday, the daily trading volume of construction steel comprising rebar, wire rod, and bar-in-coil among China’s 237 traders under Mysteel’s tracking fell further by 36,683 tonnes/day or 18.6% on the day to 160,669 t/d, as market sources appeared still uncertain about the near-term market outlook and price trend.
Due to the increase in raw materials and ocean freight, some buyers plan to wait until the raw materials and ocean freight have fallen before making large-scale purchases. ABC TOOlS would like to remind all buyers that from the rising trend of raw materials and ocean freight and the impact of the new crown epidemic, at least By the end of this year, raw materials and ocean freight will not drop significantly. What happens when everyone's inventory is sold out and they have to purchase? Commodity purchase prices and ocean freight may be more expensive than they are now, and the factory will arrange shipments at the end of the year, and the delivery cycle will be longer.

rivet rack
If your inventory is now used up, we suggest you place an order with us in time. ABC TOOLS is a professional manufacturer of shelving, fiberglass ladders, and hand truck in China, which can be shipped from Vietnam, Thailand, and China.

Post time: Aug-26-2021