CHINA REBAR: Tangshan’s stricter production cuts lead to price increases

China’s rebar market regained some upward momentum on Monday June 24 amid fresh production cuts in the country’s steelmaking hub of Tangshan.

Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($568-575) per tonne, up 70-80 yuan per tonne Northern China (Beijing): 3,730-3,770 yuan per tonne, up 40-50 yuan per tonne All steelmakers in Tangshan have been instructed to lower their production by at least 50% over the June 23-July 31 period, apart from six mills that have been told to lower their output by 20%, to improve air quality, according to a local government notice. Whether...

Published

Jessica Zong

June 24, 2019

10:48 GMT

Shanghai