CHINA REBAR: Price decline persists despite Tangshan output curbs

China’s domestic rebar prices fell further on Tuesday June 30 amid soft demand despite the country’s steelmaking hub of Tangshan announcing a new round of restrictions for July.

Eastern China (Shanghai): 3,510-3,540 yuan ($496-500) per tonne, down by 20 yuan per tonne
Local authorities in Tangshan, in northern China, have ordered some steel mills in the city to restrict their production rates next month to improve air quality.
A total of 27 mills have been told to suspend one or two of their blast furnaces.

An industry analyst in Shanghai said the steelmaking limits were similar to those in...


Jessica Zong

June 30, 2020

11:15 GMT