CHINA REBAR: Production cuts in Shandong improve sentiment

China's rebar prices held steady on Wednesday February 5 after several mills announced plans to cut production.

Eastern China (Shanghai): 3,360-3,400 yuan ($480-486) per tonne, unchanged
Northern China (Beijing): 3,540-3,560 yuan per tonne, unchanged

At least seven rebar producers in eastern China's Shandong province have started maintenance on their equipment due to manpower shortages and subdued demand, with local governments in several cities and provinces asking businesses...

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