CHINA REBAR: Prices drop on possible changes to production restrictions

China’s domestic rebar prices fell sharply on Monday August 2 due to market expectations of lighter production restrictions in some regions, sources told Fastmarkets.

Domestic Eastern China (Shanghai): 5,200-5,230 yuan ($804-809) per tonne, down by 140 yuan per tonne The Politburo of the Communist Party of China's Central Committee said the country will make overall arrangements and issue a national action plan for reaching a carbon peak by...

Published

Jessica Zong

August 02, 2021

10:34 GMT

Shanghai