CHINA REBAR: Production cuts improve sentiment

China’s domestic rebar prices stopped dropping on Thursday September 24 with mills in several regions, including the northern region’s production hub of Tangshan, reducing their output.

Domestic
Eastern China (Shanghai): 3,600-3,640 yuan ($528-534) per tonne, unchanged

Steel mills in Tangshan were reported to have suspended some of their steelmaking equipment as required by local authorities who have been inspecting compliance to production curbs in the sector since September...

Published

Jessica Zong

September 24, 2020

09:31 GMT

Shanghai