China's domestic rebar prices were flat on Tuesday September 29 amid a less-than-bullish outlook after the release of a draft plan for autumn-winter steelmaking restrictions.
Domestic
Eastern China (Shanghai): 3,620-3,650 yuan ($530-535) per tonne, unchanged
Northern China will restrict steelmakers' production over the next six months to improve air quality during the autumn-winter heating season, according to a notice released by the Ministry of Ecology & Environment late on Monday.
Sources said the curbs were not too different from last year's.
But market participants do not think the restrictions...