CHINA REBAR: Lower output among EAF mills supporting prices

Lower production rates are keeping China's domestic rebar prices supported amid weakening demand ahead of the Chinese New Year.

Eastern China (Shanghai): 3,640-3,670 yuan ($528-532) per tonne, unchanged
Northern China (Beijing): 3,540-3,560 yuan per tonne, unchanged
Steel mills that operate electric-arc furnaces have lowered their production rates due to losses attributed to a weakened rebar market and steady scrap prices, an industry analyst told Fastmarkets on Thursday January 16.

Fastmarkets' weekly price assessment for steel heavy scrap domestic, delivered mill China was 2,690-2,800 yuan per...

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