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Home / Metal News / Custeel: Steel price especially rebar price to move up

Custeel: Steel price especially rebar price to move up

Dec 8, 2017 10:44

Source:SMM

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

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.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

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