China's rebar prices moved up on Monday September 23 after news broke that a few steelmaking regions would restrict production from this week.
Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($516-520) per tonne, up 50 yuan per tonneNorthern China (Beijing): 3,570-3,610 yuan per tonne, up 20 yuan per tonneLocal authorities in Tangshan are tightening steelmaking restrictions ahead of the country's 70th National Day, which would require re-rollers in the city to suspend their operations until October 4, sources told Fastmarkets.Shandong province is also tightening up its production curbs ahead of the Golden...