CHINA REBAR: Prices flat despite announcement of new regulations for construction

The release of new regulations for anti-seismic management of construction projects in China, which is expected to stimulate demand for anti-seismic rebar, failed to shake domestic rebar prices on Thursday August 5.

Domestic
Eastern China (Shanghai): 5,200-5,240 yuan ($804-811) per tonne, unchanged
The Chinese government published the regulations Wednesday and plans to implement them from September 1.

Once in force, local governments must ensure the construction sector implements anti-seismic features in their...

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