The story appears on

Page A10

August 1, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

Rebar futures prices rise

CHINA’S rebar futures prices yesterday surged to a four-year high as the government cut overcapacity and halt output of low-quality steel.

The most traded rebar contract for October delivery rose 4.71 percent to 3,733 yuan (US$555) per ton yesterday, the highest since August 2013. Iron ore, a raw material for steel products, soared 7.94 percent to close by the daily limit of 8 percent at 571 yuan per ton.

The price rise occurred after the China Iron and Steel Industry Association said it will “spare no efforts to ensure the overcapacity cut, especially to prevent the revival of ‘ditiaogang’ low-quality steel made of scrap metal” as required by the National Development and Reform Commission.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend