CHINA REBAR: Safety inspections to last until end of June; steel output likely to fall

China’s domestic rebar prices continued dropping on Thursday June 17, but the pace of the decline was much slower after a pick-up in futures values driven by market participant expectations of a fall in supplies.

Domestic
Eastern China (Shanghai): 4,970-5,000 yuan ($773-778) per tonne, down by 10 yuan per tonne
The Work Safety Commission of China's State Council has sent teams to steel mills to check the safety of production, according to a state media report.

An industry analyst said the...

Published

Jessica Zong

June 17, 2021

10:35 GMT

Shanghai