CHINA REBAR: Prices fall after govt affirms pollution controls target

China’s domestic rebar prices dropped on Friday October 18 amid renewed expectations of looser steelmaking restrictions in the northern region over the next few months of the cold season.

Eastern China (Shanghai): 3,580-3,610 yuan ($505-510) per tonne, down 30-40 yuan per tonne Northern China (Beijing): 3,550-3,590 yuan per tonne, down 10-20 yuan per tonne The Ministry of Ecology & Environment has released a notice instructing local authorities of 28 cities in northern China to formulate their own plans to lower concentration levels of PM2.5 - breathable particles with diameters of 2.5 micrometers and below - by 4% compared with a year earlier, and reduce the number of days with heavy pollution...

Published

Jessica Zong

October 18, 2019

11:40 GMT

Shanghai