CHINA REBAR: Production curbs notice fails to stimulate buying interest

China’s domestic rebar prices were flat on Tuesday September 29 amid a less-than-bullish outlook after the release of a draft plan for autumn-winter steelmaking restrictions.

Eastern China (Shanghai): 3,620-3,650 yuan ($530-535) per tonne, unchanged
Northern China will restrict steelmakers’ production over the next six months to improve air quality during the autumn-winter heating season, according to a notice released by the Ministry of Ecology & Environment late on Monday.
Sources said the curbs were not too different from last year’s.

But market participants do not think the restrictions...


Jessica Zong

September 29, 2020

10:30 GMT