CHINA REBAR: Tangshan’s curbs on rerollers cushion price descent

China’s domestic rebar prices dropped on Monday June 7 on falling futures, albeit at a much smaller amount amid the emergence of more steelmaking restrictions in the country’s production hub of Tangshan in the northern region.

Eastern China (Shanghai): 5,000-5,030 yuan ($782-786) per tonne, down by 30 yuan per tonne
Rerolling mills in Tangshan’s Fengrun district have been ordered to cut production over June 5-13 to improve air quality, according to a local industry information provider.

While the restrictions do not...


Jessica Zong

June 07, 2021

09:31 GMT