CHINA REBAR: Prices inch higher on likely production reductions

July 20, 2021 / www.metalbulletin.com / Article Link

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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