China's domestic rebar prices rose on Wednesday October 30 after news broke about the country's steelmaking hub of Tangshan planning to implement short-term curbs from Thursday.
Eastern China (Shanghai): 3,650-3,680 yuan ($516-520) per tonne, up 40 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, up 10-20 yuan per tonneLocal authorities in the northern Chinese city have ordered some mills to either suspend their sintering and pelletizing equipment, or halve their production rates, to improve air quality. Some mills will also have to halve...