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.

Domestic
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...

Published

Jessica Zong

April 21, 2021

10:00 GMT

Shanghai