CHINA REBAR: Prices edge up on supply cuts despite bad weather

June 29, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices maintained their upward momentum on Monday June 28 on expectations of tighter supply, though demand was affected by rain across regions on the southern side of the Yangtze River.

Domestic
Eastern China (Shanghai): 4,860-4,880 yuan ($752-755) per tonne, up by 10-20 yuan per tonne

Steelmakers in China's steel hub of Tangshan in the northern region have been instructed to lower their production rates this week to improve air quality ahead of July 1 centennial of the Chinese Communist Party....

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