CHINA REBAR: News of steel capacity cap pushes up prices

China’s domestic rebar prices increased on Wednesday April 21 on the news that the country’s Ministry of Industry & Information Technology (MIIT) will not permit the steel industry to increase capacity in 2021.

Eastern China (Shanghai): 5,040-5,070 yuan ($776-780) per tonne, up by 40 yuan per tonne

MIIT made the statement in a work report on April 20, and is not the first time the ministry has brought the issue up. But the announcement was enough to...


Jessica Zong

April 21, 2021

10:00 GMT