CHINA REBAR: Domestic prices stable despite start of Tangshan output restrictions

China’s domestic rebar prices remained flat on Thursday, October 10, despite production restrictions being introduced in the northern steelmaking hub of Tangshan.

Domestic 
Eastern China (Shanghai): 3,720-3,750 yuan ($523-527) per tonne, unchanged
Northern China (Beijing): 3,590-3,630 yuan per tonne, unchanged
Some steel mills in Tangshan are required to cut blast furnace production by 50% from October 10 until the end of the month, according to a local industry information provider.

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Published

Jessica Zong

October 10, 2019

10:13 GMT

Shanghai