CHINA REBAR: Prices rise on expectations of reduced production

July 09, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices continued to rise on Thursday July 8 due to market participant concerns over lower supplies after the government called on mills to keep production below 2020 levels.

Domestic
Eastern China (Shanghai): 5,020-5,050 yuan ($775-780) per tonne, up by 60 yuan per tonne

More steel mills were said to be reducing production over the next six months to ensure annual production is no higher than it was in 2020 to...

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