CHINA REBAR: Prices rise on expected tightening of production curbs in Tangshan

China’s rebar prices increased slightly on Monday July 22 on concerns that the country’s steelmaking hub in the north would tighten production curbs over the remainder of this month.

Domestic
Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonne
Northern China (Beijing): 3,900-3,930 yuan per tonne, up 10-20 yuan per tonne
A steelmaker in Tangshan was reported to have ignored the municipal government’s directive to keep production rates below 50% to lower emissions in the region. An official of the mill was put under administrative detention over the weekend, according to local media reports.

These developments led to expectations emerging over...

Published

Jessica Zong

July 22, 2019

11:13 GMT

Shanghai