SMM News: Tangshan Municipal Government recently released another environmental protection to limit production of the "big move." The market immediately reacted to the determination and intensity of the production restrictions. On the 24th, the main rebar contract reported an increase of 2.31 per cent to 3904 yuan per ton. At one point, the main contract of the hot coil rose as high as 5.45% after the opening of the main contract, and finally rose 3.69% to 3846 yuan / ton. Spot billet in Tangshan rose 50 yuan / ton over the weekend, on the 24th up another 10 yuan to 20 yuan / ton. Researchers believe that the Tangshan production restrictions on the current relationship between iron ore supply and demand will play a better role in easing.
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