Rebar futures on the Shanghai Futures Exchange increased on Tuesday August 10 and spot prices quickly followed suit, with production cuts widely expected for the rest of 2021, sources told Fastmarkets.
DomesticAccording to a report by a local information provider on Monday, Hebei province plans to cut 21.71 million tonnes of crude steel production in 2021 compared with 2020's output, with the province's steelmaking hub...