CHINA REBAR: Domestic prices surge on expected output cuts in H2

China’s domestic rebar prices surged on Thursday May 6 amid expectations of lower steel production rates in the second half of 2021 to lower emissions.

Domestic
Eastern China (Shanghai): 5,380-5,400 yuan ($831-834) per tonne, up by 200 yuan per tonne
The country’s central government and local authorities are undertaking measures to protect the environment, and the steel sector being a major industry is affected.

Furthermore, China is looking to reduce its crude steel output by 20 million tonnes this year in comparison with 2020, which means it cannot produce more...

Published

Jessica Zong

May 06, 2021

09:53 GMT

Shanghai