Eastern China (Shanghai)
: 4,920-4,950 yuan ($770-775) per tonne, down by 80 yuan per tonne
Along with Tangshan's production restrictions
, rebar production in Xuzhou city in Jiangsu province, eastern China, is also limited to a production quantity that does not surpass the volumes reached
in the last few years.
Market participants are concerned that other cities or provinces will take similar measures to pursue lower...