China's rebar prices increased slightly on Monday July 22 on concerns that the country's steelmaking hub in the north would tighten production curbs over the remainder of this month.
Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,900-3,930 yuan per tonne, up 10-20 yuan per tonneA steelmaker in Tangshan was reported to have ignored the municipal government's directive to keep production rates below 50% to lower emissions in the region. An official of the mill was put under administrative detention over the weekend, according to local media reports.These developments led to expectations emerging over the possibility that the municipal government would become...