CHINA REBAR: Safety inspections to last until end of June; steel output likely to fall

China's domestic rebar prices continued dropping on Thursday June 17, but the pace of the decline was much slower after a pick-up in futures values driven by market participant expectations of a fall in supplies.

Domestic
Eastern China (Shanghai): 4,970-5,000 yuan ($773-778) per tonne, down by 10 yuan per tonne
The Work Safety Commission of China's State Council has sent teams to steel mills to check  safety of production, according to a state media report.

An industry analyst said the...

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