FOCUS: Why China’s implementation of new rebar policy is failing to support vanadium prices

Revised standards for rebar in China have failed to lend continued support to vanadium prices in the country since their introduction in November, primarily due to enforcement of the standards not being as stringent as previously expected, market sources told Fastmarkets.

The new rebar policy, effective November 1, 2018, requires Chinese steel mills to eliminate the original 335 megapascals (MPa)-tensile strength rebar and start producing 600MPa-tensile strength rebar, which has better...

Published

Charlotte Radford

Amy Lv

December 20, 2018

07:45 GMT

London, Shanghai