China's domestic rebar prices increased sharply on Thursday September 9 after the news that Jiangsu will restrict steel production in the remaining months of this year.
Domestic
Eastern China (Shanghai): 5,410-5,440 yuan ($837-842) per tonne, up by 90-110 yuan per tonne.
Jiangsu province will be conducting decarbonization compliance inspections of local enterprises with high energy consumption and emissions, according to a notice released by the provincial Department of Industry and Information Technology (DIIT).
The notice said local governments must...