CHINA REBAR: Looser winter production curb sparks bearish sentiment

China’s spot rebar prices and its futures contract fell further on Thursday September 19 after a draft specifying looser steelmaking curbs for the remainder of the year was circulated via social media, though there is still no official word on such restrictions.

Domestic
Eastern China (Shanghai): 3,670-3,700 yuan ($517-521) per tonne, down 30 yuan per tonne
Northern China (Beijing): 3,580-3,620 yuan per tonne, down 40-50 yuan per tonne

A draft about measures to control air pollution in 28 cities in northern China for the October-March period has been circulating since late Wednesday. The draft suggests air pollution controls be tailored to the individual conditions of the respective...

Published

Jessica Zong

September 19, 2019

11:20 GMT

Shanghai