Custeel: Steel price especially rebar price to move up

SHANGHAI, Dec.8 (SMM)－Up to now, China’s de-capacity policy has eliminated 225 million tons steel capacity, according to Custeel at its annual meeting.

Total 51 million tons pig iron output and 50 million tons steel output is limited during winter season in 2017. Supply shortage of about 10 million tons is expected to emerge at early next year under production limit policy. Steel price especially rebar price is going to move up in the future.

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