CHINA REBAR: Prices inch higher on likely production reductions

China's domestic rebar prices edged higher on Monday July 19, after power shortages increased participants' expectations of production reductions, sources said.

Domestic
Eastern China (Shanghai): 5,240-5,250 yuan ($809-810) per tonne, up by 10-40 yuan per tonne

Power supply shortages in some regions have forced steelmakers to scale back operations, which increased participants' expectations of a production drop and lent support to steel prices,...

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