CHINA REBAR: Prices drop on possible changes to production restrictions

August 03, 2021 / www.metalbulletin.com / Article Link

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.

DomesticEastern China (Shanghai): 5,200-5,230 yuan ($804-809) per tonne, down by 140 yuan per tonneThe 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...

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